Botswana Equity Watch | 16th July 2015: Botswana equity markets indices see strong movement to the upside, market cap up BWP 238.45 mill…

Gaborone, Botswana (Capital Markets in Africa):- The BSE Equity Markets indices saw stronger movement to the upside in todays session as the DCI main and local LASI indices recorded further increases. Market capitalisation also saw further increases up by BWP 238.45 million, along with 5 price increases, ensuring the markets ended the week on a positive note. The FCI index however continued to plateau with minimal change as recorded over the last few days.

The Botswana Domestic Composite Index (DCI) was up a further 18.00 points to close at BWP 10,807.15 up 0.17 percent from its previous close of 10788.66.

The Foreign Composite Index (FCI) was down today registering a minimal change of -0.00 percent to close at 1571.76 down -0.06 points from its close of 1,571.82 points recorded in the previous days session.

The Local Asset Sector Index (LASI) was up 0.14 points closing at 798.39 up 0.02 percent from its previous close of 798.25 (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.)

From a market activity perspective, the daily volume settled at 2,003,886 shares traded which were exchanged from the 25.498 million Securities issued bringing the turnover of those shares traded to BWP 10,002,281.84.

The equity market capitalization settled at BWP 421,665.12 up BWP 238.45 million from the BWP 421,426.67 million recorded at the end of yesterday’s session.

Looking at the price movers’, there were 5 Domestic companies that recorded price changes to the green zone and 1 to the red zone. Moving towards the green zone were Barclays up BWP 1 to close the day at BWP433 per share, CHOPPIES up BWP 1 to close at BWP 495 per share, FNBB up BWP 1 to close at BWP 397 per share, SEFALANA up BWP 1 to close at BWP 1211 per share and STANCHART gained BWP 1 to settle at BWP 1271 per share. In the red zone ENGEN dropped by BWP -1 to settle at BWP 819 per share.

In terms of Volumes and Turnover CHOPPIES recorded a volume amounting to 1,650,427 of its securities traded at BWP 494/495 per share. These were exchanged from the 2,184,901,665 securities it has issued enabling a turnover of BWP 8,154,576.15 million to be made for the days trading.