The Botswana Stock Exchange (BSE) second quarter recorded P684.1 million, the highest turnover ever in the last 13 years.
On a year to date basis, the bourse registered a record turnover of P1, 022.0 million, the highest ever recorded over a similar period since inception.
In an interview with The Telegraph, BSE Product Development Manager, Thapelo Tsheole, attributed the growth to the introduction of the Automated Trading System (ATS) in addition to intensified marketing initiatives.
Tsheole explained that the period under review, growth translated to 1.14 times the total turnover recorded in the whole of 2012. It further translates into an average daily turnover of P6.8 million compared to P2.9 million in the same period in the previous year (2012).
The product manager added that 79.3 percent of the turnover was generated from trades in Letshego at P368.1 million followed by First National Bank of Botswana Limited (FNBB) with P227.9 million.
The third highest turnover was generated by Choppies chain stores at P160.3 million trailed by Botswana Insurance Holdings Limited (BIHL) with a turnover of P54 million.
“2013 is by far the best performing year in terms of volume and value of shares traded during the past five years for the period January 1st to August 9th,” said Tsheole.
According to Stockbrokers Botswana Limited, the weekly report for the period ending 23rd August, Sefalana recorded the biggest share price growth of 92.02 percent as it opened the year at P3.26 to close at P6.26. The growth translates to a share price growth of P3.00.
The other counters that recorded share price of growth of over 50 percent is Lucara (50.50 percent) followed by Choppies at 50.24 percent. Out of the 32 listed companies, 18 counters recorded marginal positive growth (below 50 percent) while 14 counters depreciated, thus recording negative growth with Discovery Metals shedding the most followed at 85.18 percent to P1.83 as at 23rd August, 2013.
The Domestic Companies Index (DCI) gained 268.5 points in the second quarter of 2013 and registered a return of 3.4 percent. This followed an appreciation of 11.8 percent in the first quarter where the DCI closed at 8, 668.5 points.
During the period of 1st July to August 9th, the DCI recorded its first decline of 1.3 percent to end the period at 8,572.1 points. On a year to date basis, the DCI appreciated by 14.1 percent in comparison to an appreciation of 5.1 percent in the same period according to figures provided by the BSE.
The Foreign Companies Index (FCI) has been declining since the beginning of the year, depreciating one percent in the first quarter of 2013 and 0.2 percent in the second quarter. The FCI further depreciated by 0.3 percent during the period 1st July to 9th August 2013. In the year to period ended 9th August 2013, the FCI had declined by 1.5 percent.