BSE extends losses on tight liquidity

Since the beginning of the year, the stock market’s performance, as measured by the Domestic Companies Index (DCI), has lost 0.58% after the index finished last week 0.03% softer dragged by a loss in heavy weight, Letshego.

“Tight liquidity conditions prevailed in the market with thin trades across the board during the greater part of the week. A small relief came on Friday after PrimeTime, Choppies and BIHL traded P10.7 million worth of shares between them,” said analysts at Motswedi Securities.