Botswana Stock Exchange Limited (BSEL) says 26 out of 32 companies traded so far in 2020 have generated equity turnover of P273.9 million.
The top five most traded companies were First National Bank Botswana (FNBB) trading P48.8 million, followed by Letshego with P47.1 million, Sechaba at P43.5 million, Botswana Insurance Holdings Limited Group (BIHL) at P27.1 million and NAP at P14.3 million.
The turnover for the top three most traded companies accounted for 56 percent of total equity turnover.
Information contained in the BSEL market performance report for the period 1 January to 31 May 2020, indicates that during the period from January to May 2020, local companies continued to be the dominant market participants contributing 63 percent to equity turnover.
They were followed by foreign companies at 28 percent, local retail investors at 7 percent, Foreign retail investors contributed 2 percent while Brokers only contributed less than 1 percent.
“BSE’s Bond turnover was P77.9 million during the month of May 2020 stemming solely from government bonds,” reads the report.
Stated in the report is that in monetary terms, foreign companies contributed P76.1 million to equity turnover; foreign companies contributed: P5.3 million; local individuals contributed: P19.0 million; local companies contributed: P173.0 million and Brokers P0.5 million.
Stated is that out of the 32 listed companies 19 have had price changes. The top five companies that experienced share price increases were Letshego: 15.4 percent, Botswana Diamonds: 8.3 percent, Letlole: 4.4 percent, Cresta: 0.7 percent and Sefalana: 0.6 percent. Stated is that the bottom five companies that experienced share price decreases are Lucara: – 49.7 percent, followed by Minergy: – 22.7 percent, Stanchart: – 17.4 percent, SeedCo: -13.0 percent and BTCL: -12.2 percent.
“Turnover levels were the highest during the month of March 2020 reaching P117.7 Million in equity turnover,” reads the report.
Further stated is that over the period from January to May 2020, total equity turnover amounted to P273.9 million resulting in an average daily turnover of P2.7 million.
On the Bond market for the year, total turnover generated in the market was P343.3 million. The market capitalization of the overall bond market was P18.3 Billion, attributable to increased corporate bond issuances and government bond re-openings. Stated is that as at 31 May 2020 the total number of listed bonds was 48, comprising of seven government bonds and 41 corporate bonds.