Fresh investor appetite rallies BSE northwards
Tuesday, October 14, 2014
In yesterday’s trading, the DCI registered lukewarm trading adding to last week’s momentum in which the benchmark index’s bull run propelled the market to a fresh record high of 9572.55 points.
According to Motswedi Securities, investors returned to the market place after the Independence holiday, with an aggressive appetite for the local stocks as over 30 million shares worth of P163.5 million exchanged hands; the highest weekly trades in more than three months.
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...