In yesterday's trading session, just under 460,000 shares worth P781,952 were traded on the Domestic Companies' main board, with active counters including Letshego, Furnmart, Engen and the Funeral Services Group (FSG).The volumes are a step back from last week's rally, during which 14.4 million shares valued at P41.5 million shares exchanged hands, compared to 3.4 million shares worth P7.6 million the week prior. Last Wednesday alone produced the highest trades seen in a single day this year with P35.3 million in shares changing hands.
Last week's volumes drove the BSE's flagship Domestic Companies Index (DCI) to its highest level this year, having risen by 4.23 percent since the beginning of the year.
Indicative of the stronger volumes on the local bourse, the NewGold ETF, an investment instrument based on the price of gold, ran out of units last Monday, as investors snapped up holding in the asset.The robust volumes on the BSE came as Bank of Botswana data showed that offshore investments of local pension funds were at a five-year low, with asset managers moving away from the volatility on international markets caused by the Eurozone debt crisis.
