Financial counters dominate bourse activity

As the Domestic Companies Index (DCI) put on another 1.45% to end above the 7,400 mark for the first time since December 2008, financial institutions such as FNBB, BIHL and Barclays   were the favourites of investors pushing up the bourse market capitalisation.

"Large volumes were observed in large capitalised counters such as FNBB, Barclays, BIHL and Stanchart during the week under review as more money continue to find its way into the market. For example, a total of 385,068 shares, worth around P1 million exchanged hands in FNBB, Barclays had 120,576 shares worth P839,000 while BIHL and Stanchart had P674,000 and P314,400 worth of shares swapping hands during the week in retrospect," said a market report from Motswedi Securities .