Large caps drag BSE southwards
Friday, December 02, 2016
In the red: The BSE has softened since the begining of the year
Dragged down by poor performance of large caps such as Choppies, Sechaba, FNBB, Stanchart and Letshego, the mainstream DCI has lost nine percent since the beginning of the year.
The market reached a 12-month low of 9,504.24 points mid-quarter before rebounding to close the quarter at 9,796.69 points. Market watchers have attributed the loss on the DCI mainly to the poor share price performances by large capitalisation counters.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...