BSE fine-tunes tracking of shares performance
Friday, January 29, 2016
Effective Monday (February, 01), the BSE says it will discontinue the computation and reporting of a metric called “ Weighted Price”.
The weighted price, which is calculated by computing the volume weighted average price of stocks using the last five trades of a security on the BSE, was being factored in determining the main indices that measure shares’ performance.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...