Botswana Equity Markets | 14 Sept 2015: Botswana equity markets bearish sentiment continues, DCI down, market cap loses US$202.3mill….

Botswana, Capital Markets in Africa — The Botswana Stock Exchange Equity Markets continued with bearish sentiment with movements in the DCI and LASI heading downward and the DFSI making gains  the upside. Market capitalisation decreased by BWP 202.3 while volumes and turnover in traded securities were also shed from the previous days trading.

The Botswana Domestic Composite Index (DCI) was down by 0.04 points to close at 10,783.26 points falling by 0.03 percent from its previous close of 10,786.93 points.

Likewise, the Local Asset Sector Index (LASI) was flat after the days trading closing at 797.55 down 0.04 points from its previous close of 797.95 a change of 0.00 percent (LASI is made up of the domestic companies and all foreign companies awarded the local asset status by the Ministry of Finance and development planning).

The Foreign Composite Index (FCI) also continued to remain flat after the days trading closing at 1569.12 recording no change its previous close of 1569.13 points.

The Domestic financial Sector index (DFSI) which is composed of all domestic financial sector companies remained at 1241.36 points recording a downward change of 0.01 points after the days trading.

The market capitalisation settled at BWP 421,252.86 million decreasing by BWP 202.3 million at the end of the day’s session with the Domestic Equity Main Board accounting for BWP 51,116.09 million and the Foreign Equity Main Board accounting for BWP 370,136.77 million.

From a market activity perspective, the total daily volume settled at 1,165,380 shares traded which were exchanged from the 24,228 million Securities issued bringing the total turnover of those shares traded on the domestic and foreign main boards to BWP 2,202,442.91 million.

Leading the market activity in terms of the traded volumes were BIHL recording volumes of 39,852, Choppies recording volume figures of 31,369 followed by Letshego with 12,122.

In terms of price gainers and price losers there was two price gainers and one price loser today leaving market breadth positive, BIHL was up 2 points to close at BWP 1447 per share and Choppies was up BWP 5 points to close BWP 485. Conversely,  Letshego was down 1 point to close at BWP 313 per share.