First week at the BSE

SHARE   |   Monday, 18 January 2016   |   By Kabelo Adamson
Botswana Stock Exchange House Botswana Stock Exchange House

After a successful year in 2015 at the Botswana Stock Exchange (BSE), the first week of the year saw a rather lukewarm activity at the local bourse as investors returned from the Christmas holidays. There was no major trading of shares at the BSE as only 7.2 million shares worth of P46.6 million exchanged hands with companies such as Letshego and Botswana Insurance Holdings Limited (BIHL) leading the pack, exchanging 70 percent and 19.9 percent respectively. According to weekly financial markets report from Motswedi Securities, local equities started the year on a subdued pace, due in part to the holidays as investors have probably been on holidays. For the first few days of 2016, there were only three stocks which advanced in terms of the share prices while there were only two stocks whose share price declined in the early days of the New Year.

Major movers


New African Properties (NAP) (Up 1.1 percent)
The property loan stock company was the major gainer in the first week of trading for the year as its share price increased 1.1 percent to trade at 268 Thebe per share. The company which has a market capitalisation of about P1.6 billion has investments in retail properties among them the Riverwalk Shopping Mall.

BIHL (up 0.7 percent)
The company opened the year as it closed it with its share price surging by 0.7 percent to 1530 Thebe per share. Though still lower than the 1545 Thebe per share that it reached towards end of 2015, the company’s share price has once again managed to rise. The group was among the major movers of the past year with the only one from the financial sector among those in the top five of the major gainers. A change in the share price is expected sometime soon when the change of guard at the company is implemented with the new Chief Executive Officer expected to take over end of next month.


Barclays (up 0.2 percent)
Though a slightest change, the bank which is the only one from the banking industry to register a positive increase in the share price, it marks a good start for Barclays following what was described as a tough year for the sector in 2015. Barclays share price gained 0.2 percent to trade at 451 Thebe per share in the week of the year. While there was only three notable gainers of the first week of the year, on the losing end there were only two companies to suffer a decline in the share price.

Choppies (down 1.4 percent)
Choppies Enterprise Limited suffered a decline in its share price in the first few days of trading in the New Year. The share price declined in a week in which news broke that the company’s prospects to acquire outlets in Kenya will be delayed after its target company has been indicted in a tax by the authorities in Kenya. The company’s share price went down by 1.4 percent to trade at 434 Thebe per share from 440 registered on the first working day of the year.


Standard Chartered Bank (down 1.0 percent)
Perhaps keeping the trend of the commercial banks experienced last year, Standard Chartered Bank’s share price went down by 1.0 percent to trade at 1109 Thebe per share from 1120 Thebe. The year 2015 was considered as the tough year for banks as none of them was among the top five gainers in the year in terms of share price growth.

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