source: Mmegi
BRIAN BENZA
STAFF WRITER
Liquidity seems to be improving on the Botswana Stock Exchange with increased volumes of shares being traded on the bourse. Coming out of the usually bearish fourth quarter where investors will be in the ’selling mood’, the amount of shares traded last stock market increased by over 800 percent to 3.5 million from around 384, 000 the previous week, according to a Stockbrokers Botswana report.
The increased activity on the bourse is attributed to the forthcoming company results for mostly large cap counters, and has seen investors scramble for certain stocks or dispose of stock or take cover.
“Most of the blue-chip counters have now entered their ‘closed periods’ and the improved liquidity may be an indication of the confidence or lack thereof of the expected financial results to be stock market during the first quarter of 2008.”
Among the blue-chip companies expected to report their results stock market the next three months include Barclays, Stanchart, Sefalana, Letshogo, BIHL and FNNB.
Last week, the DCI went down 0.28 percent, pulled by [continue reading]
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