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.
Famous quotes containing the words stock exchange, stock and/or exchange:
“The freedom to make a fortune on the Stock Exchange has been made to sound more alluring than freedom of speech.”
—John Mortimer (b. 1923)
“In the case of our main stock of well-worn predicates, I submit that the judgment of projectibility has derived from the habitual projection, rather than the habitual projection from the judgment of projectibility. The reason why only the right predicates happen so luckily to have become well entrenched is just that the well entrenched predicates have thereby become the right ones.”
—Nelson Goodman (b. 1906)
“Let every woman ask herself: “Why am I the slave of man? Why is my brain said not to be the equal of his brain? Why is my work not paid equally with his? Why must my body be controlled by my husband? Why may he take my labor in the household, giving me in exchange what he deems fit? Why may he take my children from me? Will them away while yet unborn?” Let every woman ask.”
—Voltairine Decleyre (1866–1912)