Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Botswana Stock Market Commentary

Date 13/01/2003

Life finally returned to the market after the festive season but there was little to cheer about as the index lost 1.14% on much improved volumes.

FNBB led the dip with a 20t or 2.7% decline to P7.30 on 920,000 shares to make it the week's most active stock. Other big caps Stanchart & BIHL each shed 10t to P5.80 and P2.40 respectively. Letshego did not help matters with a 10t decline to 80t on 5,000 shares. Amongst the only gainers in the week was Inco, which jumped to a new record high of P4.62 on 5,000 shares as the stock closed the register for the gross dividend of 25t and published a cautionary which refers to negotiations in progress. ABCH was also up 13t to P1.25 but on only 100 shares. Sechaba closed unchanged at P8.30 on 114,350 shares

Turnover was much improved at P7,897,802 on 1,157,351 shares, dominated by the FNBB trade.

Venture Capital: Galgold was unchanged at P1.00 on 1,000 shares but Turnstar lost 5t to P1.05 on 6,300 shares.

Bond markets: No trades this week.

Currencies: The Pula gained 0.6% against the South African Rand but lost 0.6% against the US Dollar and 1.3% against the British Pound.

Money markets: There is no paper available on the secondary market. Weekly auctions do however, offer a standard 91-day paper for interested parties.