DCI market cap up P7bn

A half-year trading report released by the bourse this week indicates that the market capitalisation of firms listed on the Domestic Companies Index (DCI) rose from P42.9 billion on June 30 last year, to P50.3 billion on June 30 this year.

Average daily turnover, or the value of shares traded on a daily basis, rose from P3.3 million in the first half of last year, to P6.5 million in the first half of this year, while total turnover between the two periods nearly doubled. In the half year on the DCI, Standard Chartered had the largest gain in share price, rising by 23%, followed by Botswana Telecommunications Corporation Limited and First National Bank. Just five out of the 23 counters listed on the DCI recorded losses in their share prices during the first half of the year, with the Far Property Company anchoring the list with a drop of nearly 25%.