Company results fail to inspire share prices on BSE

Tuesday, February 24, 2009

Positive financials posted by two large caps, FNBB and BIHL, have failed to lift investor sentiment on the Botswana Stock Exchange where the mainstream index continued with its downward trend yesterday, shedding a further 0.02 percent from the 2.43 percent lost last week.

Although FNBB again traded flat yesterday, BIHL posted a marginal rise of 5thebe which proved insufficient to offset the 10thebe fall in Engen, which dragged the DCI down.

At this time last year when the reporting season began, financial stocks were booming as investors rushed onto the market.

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