Botswana Market Watch | June 4th 2015: Botswana equity market index ends in positive, adds 0.05 percent

Gaborone, Botswana (Capital Markets in Africa):- The Botswana domestic composite index ended on positive trend, adding 0.05 percent to extend its year-to-date growth by 11.31 percent. However, the foreign composite index remained flat to close at 1,569 points and year-to-date return is still in the red at -0.47. The equity market capitalization fell by BWP 93 million to end the day at BWP 382,236 million.

From the market activity viewpoint, the market total volume was recorded at 7.899 million valued at BWP 15.485 million. CHOPPIES Botswana recorded the highest volume at 3.864 million accounted for almost 49 percent and LETSHEGO recorded 2.150 million traded securities.

Looking at the price movers’, Turnstar led the upside as it gained BWP 0.03 to trade at a new 12 month high of BWP 2.40. The property outfit although realized a 56% plunge in PAT for their year-end results, is expected to refurbish its game city mall in Gaborone. Meanwhile, BIHL continued with its upward impetus, closing at a new 52 week high of BWP 13.46. The insurance giant has extended its year to date gains to 17%. On the negative territory, LETSHEGO slid by BWP 0.04 to close at BWP 3.45. On the banking space, First National Bank Botswana gave up its previous session gains to trade at BWP 3.85.

On the currency market, the Botswana Pula was firmer against the rand but lost ground to its other major trading counterparts. The Pula appreciated by 0.82 percent against South African Rand but depreciated by 0.50 percent, 1.44 percent, 0.30 percent and 0.24 percent against US Dollar, Euro, British Pound and Japanese Yen respectively.