Massive turnover despite price correction on the BSE
Tuesday, June 17, 2008
In its annual report released recently, the BSE said it recorded an average daily turnover of P3.4 million, which was an increase from P1.7 million in the previous year.
BSE CEO Hiran Mendis said the price correction could not be considered to have been a negative development since it helped to align market prices with value.
Instead, it has sparked a storm of accusations, denials, and unresolved questions about the influence of De Beers on the nation’s politics. Former president Mokgweetsi Masisi’s claims that the diamond giants bankrolled his removal to dodge taxes – and that the new Umbrella for Democratic Change (UDC) government watered down a favourable diamond deal – are explosive matters. But without evidence, they risk becoming a toxic distraction from...