Lukewarm third quarter on BSE

Friday, November 07, 2014

Traded volumes were flat on the stock market

The third quarter of the year did not bring much enthusiasm to the stock market place, as volumes were relatively flat as compared to three months between April and June.

There were about 126.1million shares worth P551.7 million that exchanged hands during the third quarter as compared to 125.8 million shares, which were valued at P394.4 million during the second quarter.

According to a market report from Motswedi Securities, the higher turnover against flat volumes reflects the trading of highly priced counters such as Sechaba, BIHL and Stanchart as they were among the top 10 most traded counters.

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