ABCH delisting dampens BSE market cap

ABCH, which is the parent company of BancABC, delisted from the BSE in January this year after being bought by Atlas Mara.

According to leading brokerage firm, Motswedi Securities, the delisting led to the quarterly market capitalisation declining by 2.1 percent to P45.3 billion, relative to the P46.2 billion achieved by the end of the fourth quarter of 2014. However, the brokerage firm indicated that the delisting was almost overshadowed by major gains from some of the heavy counters, as it almost recovered to end the quarter closer to the P46 billion mark.