from ODIRILE TOTENG in Gaborone, Botswana
Botswana Bureau
GABORONE, (CAJ News) – THE Botswana Stock Exchange (BSE) has recorded the highest amount of turnover in the history of the bourse.
It reported revenues of P3,8 billion (278 million) for the period January 1 to September 30 this year.
On a comparative basis, turnover for the same period in 2022 amounted to P882,3 million, indicating a record turnover increase of 330,5 percent.
This milestone is attributable to the record deal in Botswana Insurance Holding Limited (BIHL) that amounted to P2,9 billion on September 4, 2023, and constituted the highest ever single counter, single day trade in the history of the exchange.
The last record trade of similar magnitude on the BSE (founded in 1995) was for the full year 2015, which amounted to P3 billion.
The top three traded companies in the 36-company bourse during 2023 have been BIHL (P2,9 billion), Letlole La Rona (P161,4 million) and Chobe (P137,7 million). The total turnover from these companies accounted for 85,1 percent of total equity turnover, with the leading counter BIHL accounting for 77,2 percent.
In comparison to the same period in 2022, the top three traded companies accounted for 69,1 percent of total equity turnover with the leading counter Letshego accounting for 52,5 percent (P463,2 million).
– CAJ News