stock market
stock market

The Botswana Stock Exchange (BSE) has recorded a significant slump in its trading volume this year, the bourse said on Tuesday.

Thapelo Tsheole, BSE Chief Executive Officer speaking at the BSE’s monthly bell ringing event, said trading at the BSE has plunged by 20 percent in the first eight months.

Sharing the equity market performance from beginning of January to end of August, Tsheole said the local bourse recorded a turnover of 1.18 billion pula (approximately 162 million U.S. dollars), down 20 percent year on year.

Botswana’s bourse has in the past not been highly active, as institutional investors hold on to shares, resulting in less trade, coupled with delisting. This year two companies have delisted from the stock.

Meanwhile BSE has introduced the Tshipidi Mentorship Program (TMP), as a way of grooming companies that could potentially raise capital, improve governance and leverage from increased publicity through the stock market in the short to medium terms.

“The objective of the TMP is to provide practical training through a comprehensive and interactive program that covers the key theme necessary to prepare and position a company to list on the BSE,” said Tsheole.

The development is expected to help BSE increase its listed companies and improve its equity trade. Enditem

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