The Botswana Stock Exchange (BSE)’s Domestic Companies Index (DCI) increased by 0.40 percent during the week ending October 7, 2022. As indicated by the Stockbrokers weekly report, the index closed at 7 431.43 points from 7 401.77 points of the previous week. For the year-to-date, the index gained 6.02 percent. A total of 466 409 securities valued at P1 248 308, were traded during the week.
Retailer Choppies was the biggest gainer for the week closing at 60 thebe after gaining seven Thebe while BOD lost a Thebe) to become the biggest loser for the week, to close at 14 thebe.
The report also shows that Market trading activity for the week under review led to a turnover amounting to P1,248,308 as 466,409 shares exchanged hands. CA Sales (56%), was the biggest contributor to the week’s turnover.
Meanwhile According to the latest BSE report, during the period 1 January to 31 August 2022, the Domestic Company Index (DCI) appreciated by 5.1% in comparison to a depreciation of 2.0% during the same period in 2021 and the Domestic Company Total Return Index (DCTRI) appreciated by 9.4% in comparison to an increase of 1.6% in the corresponding 2021 period. The Foreign Company Index (FCI) registered an appreciation of 0.7% on a year-to date basis in 2022 in comparison to an appreciation of 0.1% over the same period in 2021.
Comparative Analysis of Equity Turnover
Trading activity during the review period in 2022 increased by 102.1% from the corresponding period in 2021. As at the end of August 2022, a total equity turnover of P818.6 Million was recorded from traded volumes of 372.3 Million shares, translating into an average daily turnover of P5.0 Million. Turnover during the corresponding period in 2021 amounted to P405.1 Million and a total volume of 280.5 Million shares traded were recorded.
Companies Ranked by Turnover
The top 3 traded companies during the period under review were Letshego (P431.1 Million), FNBB (P75.7 Million) and Sefalana (P58.3 Million). The total turnover from these 3 companies accounted for 69.0% of total equity turnover, with the leading counter Letshego accounting for 52.7% of total equity turnover. Letshego’s considerable contribution to total equity turnover results from two significantly high trades of P183.0 Million on 23rd March 2022 and P142.7 Million on 17th June 2022 accounting for the two highest daily trades per counter in 2022 thus far. In comparison to the same period in 2021, the top 3 traded companies accounted for 45.6% of total equity turnover with the leading counter Letshego accounting for 18.1% (P67.2 Million) of total equity turnover.
PERFORMANCE OF EXCHANGE TRADED FUNDS (ETFs)
During the period under review, ETF turnover amounted to P104.6 Million in comparison to P70.9 Million registered during the corresponding period in 2021. This was recorded from 693,568 units traded thus far in 2022 in comparison to 408,345 units during the same period in 2021. The NewGold ETF, BASBI ETF, NewPall ETF and NewFunds ILBI ETF prices gained 3.5%, 5.0%, 6.5% and 7.7% respectively while BAMIB50 ETF declined 26.1%.
BOND MARKET PERFORMANCE
The value of bonds traded during the period under review was P1.2 Billion compared to P1.7 Billion traded during the same period in 2021. As at end of August 2022, the market capitalisation of listed bonds stood at P25.3 Billion.
