Letshego remains top trader on the local bourse

Financial services providers continue to lead trading on the local bourse, despite uncertainties that continue to punctuate markets.

The latest market performance report for January to September indicates that the top three traded companies were Letshego, First National Bank Botswana ( FNBB) and Sefalana. Letshego lead the pack after trading shares worth P81.5 million, followed by FNBB at P68.4 million and Sefalana at P58.4 million. Commenting on Letshego’s leading the trading of share on the bourse, Motswedi Securities’ economic analyst, Garry Juma attributed the development to the company’s blueprint. “It’s a reflection of the confidence the market is having on the leadership of Andrew Okai and his executive team. They seem to have come up with the right strategy that is now steering the group to sustained growth across its geographical markets,” said Juma.

In the first quarter of the year,

Letshego ranked top of traded companies on the bourse, followed by PrimeTime and Standard Chartered, while in the second quarter, First National Bank Botswana ( FNBB) topped the list followed by Botswana Insurance Holdings Limited ( BIHL) and Absa. Meanwhile, the domestic company index ( DCI) continued with its momentum of gains during the period under review with an appreciation of 4.2 percent. “On a monthly basis during the third quarter, the DCI performed best in September, increasing by 2.4 percent. Overall, the DCI appreciated by 0.3 percent during the period 1 January to 30 September 2021 in comparison to a decrease of 6.7 percent during the same period in 2020,” said BSE review. On the other hand, the foreign company index ( FCI) appreciated by 0.1 percent on a year- to- date basis in 2021 compared to a decline of 1.0 percent over the same period in 2020.