BSE ends half-year in the red

Bear run: The stock market has seen more sellers than buyers in the first half of 2017
Bear run: The stock market has seen more sellers than buyers in the first half of 2017

The Botswana Stock Exchange (BSE) closed the first half of the year trading in the negative, continuing a trend that has persisted since 2015.

The bourse’s performance as measured by the benchmark, Domestic Companies Index (DCI) stood at 9,244.23 points on June 30, down 1.66% on a year-to-date basis and 8.5% lower over the past 12 months.

A market analyst at Motswedi Securities, Moemedi Mosele attributed the bearish streak to large cap stocks, which he said, continue to disappoint for a number of reasons.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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