Mmegi Online :: BSE extends losses on tight liquidity
Banners
Banners
Banners
Banners
Last Updated
Wednesday 14 November 2018, 18:34 pm.
Banners
BSE extends losses on tight liquidity

Tight liquidity characterised trading on the Botswana Stock Exchange last week with losses in heavyweight counters pulling the market further southwards.
By Staff Writer Tue 06 Jun 2017, 18:00 pm (GMT +2)
Mmegi Online :: BSE extends losses on tight liquidity








Since the beginning of the year, the stock market’s performance, as measured by the Domestic Companies Index (DCI), has lost 0.58% after the index finished last week 0.03% softer dragged by a loss in heavy weight, Letshego.

“Tight liquidity conditions prevailed in the market with thin trades across the board during the greater part of the week. A small relief came on Friday after PrimeTime, Choppies and BIHL traded P10.7 million worth of shares between them,” said analysts at Motswedi Securities.

PrimeTime, which is going through a rights issue, traded some rights worth P1.4 million on Friday, pushing the weekly trades to 33 million shares worth P16.4 million. This was down from 6.9 million shares worth P82.6 million which traded the previous week.

Turnstar was top of the gainers up 0.3% to close at 322 thebe. The property giant continues to break new ground after it became the first listed property stock to acquire a property in Dubai.

“This is a big milestone for the property giant as this will give it further diversification in

Banners

terms of geographic location as well as a currency hedge. This property is expected to give a yield of approximately 10% per annum,” said Motswedi Securities.

Wilderness Holdings, a luxury safari operator with presence in eight countries also gained 0.2% to close at 523 thebe a week after releasing a fair set of results for the year ended February 28 2017. Revenue grew strongly by 18% to P1.1 billion, while operating profit grew by just five percent to P208 million, weighed by foreign exchange losses that amounted to P11.3 million from gains of P26 million during the previous year.

Profit before tax fell 16% to P101 million due to increases in finance cost and unrealised foreign exchange loss on loans.

On the downside, Botswana Diamonds (BOD) was the biggest loser, down 9.5% to close at 19 thebe after trading 40,000 shares worth P7,600. BOD is a diamond exploration and project development company that holds exploration licences in Botswana. Other losses were in Lucara and Letshego, which lost one thebe to 226 thebe.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Tue 06 Jun 2017, 18:00 pm
Tue 06 Jun 2017, 16:30 pm
Fri 02 Jun 2017, 18:00 pm
Fri 02 Jun 2017, 15:15 pm
Fri 02 Jun 2017, 15:14 pm
Fri 02 Jun 2017, 15:12 pm
Fri 02 Jun 2017, 15:08 pm
Fri 02 Jun 2017, 15:08 pm
Fri 02 Jun 2017, 15:04 pm
Thu 01 Jun 2017, 18:00 pm
Thu 01 Jun 2017, 16:08 pm
Thu 01 Jun 2017, 16:07 pm
Wed 31 May 2017, 18:00 pm
Wed 31 May 2017, 15:50 pm
Wed 31 May 2017, 15:49 pm
Tue 30 May 2017, 18:00 pm
Tue 30 May 2017, 16:03 pm
Tue 30 May 2017, 15:58 pm
Fri 26 May 2017, 18:00 pm
Fri 26 May 2017, 15:17 pm
Fri 26 May 2017, 15:12 pm
Fri 26 May 2017, 15:07 pm
Fri 26 May 2017, 15:07 pm
Fri 26 May 2017, 15:04 pm
Fri 26 May 2017, 15:04 pm
Banners
Banners
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    Halloween
    Next
    Masa Centre
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    Halloween
    Peppermint
    The Nutcracker and the Four Realms
    Nobody's Fool
    Goosebumps 2: Haunted Halloween
  • Previous
    Peppermint
    Next
    Riverwalk
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    Peppermint
    Halloween
    The Nutcracker and the Four Realms
    Nobody's Fool
  • Previous
    The Nutcracker and the Four Realms
    Next
    Gamecity
    ::: Wednesday 07 Nov - Thursday 15 Nov :::
    The Nutcracker and the Four Realms
    Halloween
    Peppermint
    Nobody's Fool
    Goosebumps 2: Haunted Halloween
    Venom
Selefu
Tla gae! Ke sharpo.
Banners
Banners
istanbul escort