- Highest turnover in a single day for Q1 2022 stands at P186.8 million
- Letshego accounts for 62.4 percent of total equity turnover leading trading at P254.6 million
Trading activity on the Botswana Stock Exchange (BSE) increased by 257.8 percent for the first quarter of 2022 compared to the corresponding period in 2021, The Business Weekly & Review has established
According to the BSE, the significant increase in turnover was as a result of the bourse recording the highest turnover in a single day of P186.8 million that occurred on 23 March 2022. “This single day turnover in trading joins a series of significant trade milestones in recent years, including: P1.1 billion (2021), P149.8 million (2019), P458.6 million (2018), P484.6 million (2017) and P494.3 million (2016),” the BSE reveals in a Market Performance Report for the period 1 January to 31 March 2022.
As at the end of March 2022, a total equity turnover of P407.8 million was recorded from traded volumes of 177.6 million shares compared to a total equity turnover of P113.7 million and a total volume of 87.5 million shares traded recorded in the corresponding period in 2021.
During Quarter 1 of 2022, the Domestic Company Index (DCI) appreciated by 3.3 percent in comparison to a depreciation of 5.1 percent during the same period in 2021 while the Domestic Company Total Return Index (DCTRI) appreciated by 4.3 percent in comparison to a decrease of 4.4 percent in the corresponding 2021 period. The Foreign Company Index (FCI) registered a marginal decrease of 0.0 percent on a year-to-date basis in 2022 in comparison to an appreciation of 0.2 percent over the same period in 2021.
The top three traded companies during the period under review were Letshego (P254.6 million), Chobe (P49.3 million) and Sefalana (P46.5 million). The total turnover from these three companies accounted for 85.9 percent of total equity turnover; with the leading counter, Letshego, accounting for 62.4 percent of total equity turnover.
“Letshego’s considerable contribution to total equity turnover results from a significantly high trade of P183.0 on 23rd March 2022 that contributed to the P186.8 million turnover, which is the highest single day turnover in 2022 thus far,” says the report. “In comparison to the same period in 2021, the top three traded companies accounted for 61.2 percent of total equity turnover with the leading counter, Letshego, accounting for 35.3 percent (P40.2 Million) of total equity turnover.”
Of the 31 listed companies on the BSE, including Botswana Building Society (BBS) registered on the Serala Over-the-Counter (OTC) Board, 7 depreciated in share price, 12 appreciated in share price while 12 experienced no share price change.
The top gainer over the 1st January to 31st March period was Letshego with an appreciation of 28.6 percent in share price, followed by Botswana Diamonds (BOD) and Letlole with gains of 16.7 percent and 4.3 percent respectively. BBS experienced the biggest decline in share price of 36.7 percent, followed by G4S and Botswana Telecommunications Corporation Limited (BTCL) with declines of 9.7 percent and 8.0 percent respectively.