BSE geared for more bulls after record 2015

At a time when most emerging markets were bearish due to the slump in commodity prices, exchange rate volatilities and overall economic slowdown, the BSE was resilient in 2015 with the mainstream Domestic Companies Index (DCI) firming 11.6 percent in comparison to growth of five percent in 2014. Thapelo Tsheole, the bourse’s new CEO, believes the performance of the DCI is testimony of the confidence that investors have in domestic companies despite the local economic growth prospects having been slashed from 4.9 percent to 2.6 percent in 2015.

“During 2015, 803.0 million shares were traded. The trades yielded a record P3.0 billion in turnover. This is the highest amount ever recorded in the history of the BSE and it overshadows the last previous record of P2.3 billion in 2013, whose closest comparative was the P2.2 billion in 2014.  This is an indication of the increased appetite for BSE listed companies,” he told BusinessWeek.