MARKET
INFORMATION
The Botswana Stock Exchange
| Trading Hours | Open Auction | 10:10 – 10:25 | |
| Regular trading 1 | 10:25 – 11:55 | ||
| Interim auction | 11:55 – 12:05 | ||
| Regular trading 2 | 12:05 - 13:20 | ||
| Closing auction | 13:20 – 13:30 | ||
| Trade at Last | 13:30 - 13:50 | ||
| Time Zone | GMT+2 | Trading Days | Monday - Friday |
| Trading Currency | Botswana Pula (BWP) | ||
| Main Index | Index name | Domestic Companies Index | |
| Reuters code | .DCIBT | ||
| Bloomberg code | BGSMDC | ||
| Exchange Code | Reuters | BW | |
| Bloomberg | BG | ||
| Trading ID | CSD account number | ||
| Settlement Cycle | T+3 | ||
| Current Index Status |
MSCI Standalone FTSE FM |
||
| Market Cap | USD $3.6bn | ||
Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
| 2021 | $620k |
| 2022 | $370k |
| 2023 | $1.2m |
MARKET
DYNAMICS
Stock Limit
Up/Down
Up/Down
+/-10%
from previous close
from previous close
Tick
Size
Size
BWP 0.01
Board
Lot
Lot
No board Lots
Crosses
Crosses can go through in the regular market in the market spread during regular market hours.
Off-Market
Crosses
Crosses
Block trades with the following critier can be crossed off market
a. where Normal charges are applied.
b. where Volume is reflected on the market.
c. Only the local NBFIRA (Non-Bank Financial
Institutions Regulatory Authority) regulated
fund managers can do such crosses.
a. where Normal charges are applied.
b. where Volume is reflected on the market.
c. Only the local NBFIRA (Non-Bank Financial
Institutions Regulatory Authority) regulated
fund managers can do such crosses.
Official
Closing Price
Closing Price
VWAP rounded down
Iceberg
Available. Minimum one third of the total order must be shown on screen
All or
None
None
Not available
MARKET
REGULATIONS
Foreign Ownership Restriction
Foreign investors may own up to 100% of any stock but are restricted from trading Botswana Telecommunications Corporation Limited (BTCL)
Disclosure Rules
At the ownership of 5% or more, a public disclosure is required. The disclosure is made by the listed company.
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
None
Timeline for New NIN Setup
none
MARKET
FEES & TAXES
| Market Handling Fee | BWP 35 per buy or sell leg |
| BSE fees | 15 bps for transactions worth up to BWP 5mn 12 bps for transactions worth more than BWP 5mn |
| Withholding Tax | None |
| CSD Fee | 0.12% |
| VAT | 14% (applicable on all the fees) |
| Capital Gain Tax | None |
| Dividend Tax | 10% |
Tiered Band Commission Structure
| Minimum Value Traded | Maximum Value Traded | Brokerage Commission |
| 0 | 500,000 | 0.80% |
| 500,001 | 3,000,000 | 0.75% |
| 3,000,001 | 5,000,000 | 0.60% |
| Above 5,000,001 | 0.50% |