Botswana Stock Exchange on course to deepen the bourse

source: Sunday Standard
by Philemon Molaodi
16.03.2008 7:17:40 P

The domestic bourse – the Botswana Stock Exchange (BSE) – revealed this week that efforts of widening and deepening the exchange are at an advanced stage. The BSE is looking forward to doing that by diversifying its product offering through the introduction of Exchange Traded Funds (ETFs).

Briefing the media on Thursday, the Chief Executive Officer of the BSE, Hiran Mendis, said ETFs would play a critical role in the development of capital markets. He said expectations are that ETFs would ease the problem of liquidity in the market and equally deepen it.

“Market capitalization is comparatively high but the liquidity is very low. Our turnover to market capitalization is around 3% – a comparatively lower figure to that of the Johannesburg Securities Exchange, which stands at 36%. There is a lot of work to be done if we [continue reading]

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