Botswana Equity Watch | 2nd July 2015: Botswana equity market sees slow recovery as DCI gains 0.07, LASI down 0.01 percent

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index gained 0.07 percent to close at BWP 10,697.69 up 7.60 points from its last close of BWP 10,690.08.

The foreign composite index however remained flat recording no change to close at 1,571.85 points to settle on the same points as the previous day.

The Local Asset Sector Index (LASI) recorded a slight change closing 797.33 down 0.01 percent from its previous close of 797.40 signifying a drop of -0.07 points. (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.)

Likewise, the equity market capitalization settled at BWP 421,169.25 billion.

From the market activity viewpoint, the daily volume and turnover settled at 236,626 shares traded at a value of BWP 1,2 Million. CHOPPIES 480 traded shares at BWP 24,176.36 turnover and FNBB with a market capitalisation of 10,075.34 had 393, 392 securities sold making a BWP 231,174.04 turnover.

Looking at the price movers’,BIHL gained BWP 9 to close the day at BWP 1390 and SEFALANA  saw a 7 point rise to end at BWP 1202.

On the other side, in the losers corner were CHOPPIES and IMARA both down by a point each to settle at BWP 480 and BWP 274 respectively.