Analysts predict continuous DCI rebound

The weekly market report from Motswedi Securities say the DCI closed last week above the 7,600 point mark mainly because of gains in financial stocks on expectations of positive earnings results. The DCI has staged a dramatic recovery since reaching a 12 month low of 6,911.45 points on May 21, 2008.

The week under review saw notable gains in most financial counters such as Barclays, BIHL, FNBB, Letshego and Stanchart. The FCI however, closed the week in the red on the back of losses in most foreign based counters, reflecting the turbulent primary markets they are listed on.