BSE broadens base to tackle illiquidity

Speaking at the presentation of the BSE Annual Report for 2009 in Gaborone this week, the Chief Executive Officer of the BSE, Hiran Mendis, said the country's investment market was too small for the BSE to specialise in equities.

There is a huge shortage of securities in the market currently, resulting in high levels of illiquidity. "We are trying to increase securities supply by expanding the amount of products we offer," he said. "Presently, there are so many investors, both foreign and local, that want to buy securities, but they are just not available."