By Southern Times Correspondent
African stocks were mixed during the week closing 14 August 2018 with five gains recorded in Zimbabwe, Tunisia, Kenya, Ghana and Mauritius.
The same sentiments were witnessed on a global market due to the initiated Turkey currency collapse. Asian shares closed mostly lower on Wednesday 15 August. China markets slid, with the Shanghai Composite falling 2.06 percent to close at 2,723.64. The pan-European index was flat with most sectors trading in positive territory.
The Botswana stock exchange closed the stocks on Monday 13 August with a volume of 31,913, 14 transactions and a turnover of 67,619.54.
Gains were seen in Barclays, BTCL, Choppies, Engen, FPC, Primetime, RDCP, Sechaba, Sefalana, Stanchart, and Turnstar. On Tuesday 14 August, the stocks decreased 11 points or 0.13% to 8295 from 8306 in the previous trading session. In terms of the currency, the US$/BWP increased 0.1644 or 1.54% to 10.8484 on Wednesday August 15 from 10.6840 in the previous trading session due to the strengthening of the US$.
In Namibia the NSX Overall increased by one points or 0.05% to 1284 on Wednesday August 15 from 1283 in the previous trading session. The benchmark interest rate in Namibia was last recorded at 6.75 percent. The US$/N$ increased 0.1155 or 0.81% to 14.3400 on Wednesday August 15 from 14.2245 in the previous trading session.
The South African JSE was strong on 13 August after the fall out of the Turkish lira. The fall resulted in the rand lowering to R15.55/$ as the fall in emerging market currencies reinforced. However it rebounded to trade at R14.37/$ on Tuesday.
The ALSH-All Share decreased 548 points or 0.95% to 57061 on Wednesday August 15 from 57609 in the previous trading session
The Zimbabwe All Share index on the 10th of August recovered 0.10 points on the (0.09%) to close at 111.78 points. Old Mutual led the movers with a $0.0136 gain to close at $5.102, Barclays added $0.0089 to close at $0.0691 and Nicoz Diamond settled at $0.0341 after gaining $0.0041. Innscor also increased by $0.0013 to $1.4144 and Africa Sun was $0.0010 higher at $0. 0730.
On the downside, RioZim eased $0.0670 to close at $1.4000, PPC lost $0.0475 to close at $1.1500 and Natfoods was $0.0030 lower at $5.6064. Other losses were in Hippo Valley which fell by $0.0025 to close at $1.6875 and Delta shed $0.0005 to trade at $1.9995.
The Lusaka Stock Exchange traded at 642,430 with shares worth K1,506,903 which changed hands in 22 deals. Share price losses of K0.04, K0.06 and K0.04 were recorded in Bata, CECZ and SCBL respectively. The LuSE All Share Index (LASI) closed at 5,333.78 points down by 0.75% from its previous close of 5,373.99 points. The market closed on a capitalization of K62,375,806,830 including Shoprite Holdings and K28,136,600,850 excluding Shoprite Holdings.