Botswana Stock Exchange
Encyclopedia
The Botswana Stock Exchange is a small but thriving stock exchange
located in Gaborone
, Botswana
. The Botswana share market was established in 1989 and became the Botswana Stock Exchange in 1995. It is governed by the Botswana Stock Exchange Act.
The BSE has about 35 market listings and 3 stock indices: the Domestic company index (BSE DCI
); the Foreign company index (BSE FCI), incorporating companies which are dual listed on the BSE and another stock exchange; and the All Company Index, which is a weighted average of the DCI and FCI. As well as equities, BDC bond and Investec Floating Rate Notes are traded. Private investors are estimated to account for under 10% of the total market capitalisation. Foreign-based mining
companies make up over 90%.
The exchange's normal trading sessions are from 09:30am to 10:30am on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
The licensing authority for brokers in Botswana is the Ministry of Finance. Membership may be corporate or individual.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
located in Gaborone
Gaborone
' is the capital and largest city of Botswana with a population of 191,776 based on a 2006 survey, about 10% of the total population of Botswana....
, Botswana
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
. The Botswana share market was established in 1989 and became the Botswana Stock Exchange in 1995. It is governed by the Botswana Stock Exchange Act.
The BSE has about 35 market listings and 3 stock indices: the Domestic company index (BSE DCI
BSE DCI
The Botswana Stock Exchange Domestic Company Index or BSE DCI, and the Botswana Stock Exchange Foreign Company Index or BSE FCI are the principal stock indices of the Botswana Stock Exchange. Each is calculated from the weighted averages of the values of their category of stock...
); the Foreign company index (BSE FCI), incorporating companies which are dual listed on the BSE and another stock exchange; and the All Company Index, which is a weighted average of the DCI and FCI. As well as equities, BDC bond and Investec Floating Rate Notes are traded. Private investors are estimated to account for under 10% of the total market capitalisation. Foreign-based mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
companies make up over 90%.
The exchange's normal trading sessions are from 09:30am to 10:30am on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
The licensing authority for brokers in Botswana is the Ministry of Finance. Membership may be corporate or individual.