BSE ends half-year in the red

Friday, July 07, 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.

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BSE ends half-year in the red

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