Botswana Equity Markets | 28 Sept 2015: Botswana equity markets record losses, market cap drops US$126.28 mill….

Botswana, Capital Markets in Africa — The Botswana Stock Exchange Equity Markets indices Domestic Composite Index (DCI), Domestic Financial Sector Index (DFSI) and Local Asset Sector Index (LASI) all recorded losses today as the session saw the Foreign Composite Index (FCI) move downward. Market capitalisation also decreased with no price gains made and price losses in one traded security.

The Botswana Domestic Composite Index (DCI) lost by 43.00 points to close 10,774.92 points a 0.40 percent fall from its previous close of 10,818.03 points recorded in the previous session.

Likewise, the Local Asset Sector Index (LASI) was down after the days trading closing at 794.60 losing 0.40 points from its previous close of 795.00 points, a change of 0.01 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) remained flat to close 1,562.92 points after the days trading closing 0.00 percent down from its previous close of 1562.92 points.

The Domestic financial Sector index (DFSI) which is composed of all domestic financial sector companies, decreased by 0.12 percent to 1237.03 points losing 1.52 points to its previous close of 1238.55 points after the days trading.

The market capitalisation settled at BWP 419,751.10 million decreasing by BWP 126.28 million at the end of the day’s session with the Domestic Equity BWP accounting for BWP 51,076.55 million and the Foreign Equity Main Board accounting for BWP 368,674.55 million.

From a market activity perspective, the total daily volume settled at 1,628,163 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 7,122,611.05 million.

Leading the market activity in terms of the traded volumes were Choppies recording volumes of 1,610,228, Secheba recording volume figures of 10,977 followed by Letshego with 3,249.

In terms of price gainers and price losers there was one price loser today leaving market breadth positive, Stanchart was down 24 point to close at BWP 1175 per share.