Markets flatten as investors shun risky stocks
Shares trading on the Botswana Stock Exchange (BSE) have flattened as renewed caution creeps in among investors on the market with counters, mostly financial institutions, nearing their half year reporting season.
With investors still hesitant to take positions in mining stocks due to the recent backlash from the recession, which crashed commodity markets, analysts expect activity on the stock market to be subdued in the coming weeks.
With the exception of FNBB, which will be releasing its full year results, all the listed banks will be releasing their interim results and analysts say investors will be eagerly waiting to evaluate the financial performance during the first half of the year before taking further positions in the market.
“We anticipate market activity to remain subdued until the financial reporting period gets into full swing,” reads a market report from [continue reading]