BSE extends losses on tight liquidity
Tuesday, June 06, 2017
In the Red: The BSE has been trading in the negative since the start of 2017
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.
As reported elsewhere in this publication, the country’s school uniform industry is being shaken by widespread smuggling, fronting and deceit.This is not just a business issue, but a direct attack on a national policy designed to build Botswana’s own economy and protect Batswana jobs.We call on the Ministry of Education, the Botswana Unified Revenue Service (BURS), the Police and all relevant bodies to take immediate and decisive action to...