Tuesday, December 7, 2021

Letshego Holdings leads trade at BSE for H1:2021

Letshego Holdings Limited has emerged leading trader at the Botswana Stock Exchange Limited (BSEL) for the period 1 January to 31 July 2021.

The top three traded companies during the period under review were led by Letshego and it traded P67.2 million, and it was followed by First National Bank Botswana (FNBB) at P51.9 million and Sefalana emerged third position at P50.1 million.

Information contained in the BSE market performance report for the period 1 January to 31 July 2021 indicates that the total turnover from these three companies accounted for 45.7 percent of total equity turnover, with the leading counter Letshego accounting for 18.1 percent of total equity turnover.

The BSE equity market performance report stated that the top three traded companies accounted for 47.2 percent of total equity turnover with the leading counter Sechaba accounting for 17.0 percent which is P69.1 million of total equity turnover. Stated is that as at the end of July 2021, a total equity turnover of P370.7 million was recorded from traded volumes of 267.0 million shares compared to P405.3 million recorded from 174.9 million shares in 2020. On a monthly basis, June experienced the highest turnover followed by July during the period under review.

“Of the 30 listed companies, 13 depreciated in share price, 10 appreciated in share price while seven experienced no share price change. The top gainer was Tlou with a 51.5 percent growth in share price, followed by Seed Co and Lucara with gains of 45.9 percent and 41.9 percent respectively,” reads the report.

According to the BSE report, Domestic Company Index depreciated by 2.5 percent in comparison to a decrease of 5.3 percent during the same period in 2020 and the Domestic Company Total Return Index appreciated by 0.7 percent in comparison to a decrease of 2.3 percent in the corresponding 2020 period. Available figures show that Sechaba experienced the biggest decline in share price of 21.1 perfect followed by Turnstar and Absa with declines of 20.8 percent and 17.8 percent respectively.

“The value of bonds traded during the period under review was P979.7 million compared to P683.1million traded during the same period in 2020,” reads the report.

A look into Investor Contribution to Equity Turnover, local companies contributed 65.5 percent to total equity turnover or P243.0 million in monetary terms while local individuals contributed 6.2 percent or P23.2 million in monetary terms during the period under review. Added is that foreign companies contributed 22.1 percent or P82.0 million to total equity turnover while foreign individuals and brokers contributed 6.0 percent which is P22.4 million and 0.1 percent which is P0.2 million to equity turnover respectively.

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