3 June 2018

Botswana: Matambo Launches BSE Opening Bell Session

Gaborone — Minister of Finance and Economic Development, Mr Kenneth Matambo has launched the Botswana Stock Exchange opening bell.

It signifies the beginning of the trading day on the BSE's trading floor.

Speaking at the inaugural BSE opening bell ceremony on June 1, Minister Matambo explained that the opening bell served as a platform to generate exposure for listed companies or celebrate cooperate and national milestones.

The bell ringing, he said, would also be used to champion causes critical to the economy and welfare of Batswana. He said the BSE had, in the last few years, made progress in positioning itself as an important vehicle for issuers and investors.

He credited initiatives such as the annual listings as well as investment conference through which the BSE educated companies about growth prospects that could be achieved through the stock market. He also acknowledged BSE's open days and outreach initiatives, saying they were instrumental in educating Batswana about investing in listed securities. BSE chief executive officer, Mr Thapelo Tsheole said the BSE had, off late, managed to make recognition in both local and internal stock markets owing to successfully hosting the Africa Middle East Depositories Association where 20 countries participated.

Mr Tsheole added that BSE was also honoured to be hosting the SADC secretariat of stock exchanges, which had been centered in South Africa since 1997.

On local markets trade, Mr Tsheole said the past week had been one of the most productive this year after recording trade of P286 million on Wednesday.

That, he said, was a result of the recent record trades to government interventions to prove state of the automatic trading system facilities which accorded BSE the ability to handle trades of such magnitude.

Source : BOPA

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