BSE ticks up

The Botswana Stock Exchange’s (BSE) main platform, the Domestic Companies Index (DCI) is enjoying a strong performance this year, picking up by nearly eight percent since January 1. As at Tuesday, the DCI was up 7.6 percent, compared to 0.7 percent in the period between January and October 25 last year. Over the same period in 2020, the DCI was down by nearly eight percent. Data compiled by Stockbrokers Botswana indicates that as at October 21, Standard Chartered Bank Botswana was leading the DCI, with its share price up 40.1% since January, followed by First National Bank Botswana with 30.8% growth. Letlole la Rona, Sechaba, and Absa Botswana are all amongst the top gainers this year who have helped the DCI to its performance. On the other end of the scale, coal producer, Minergy is the DCI’s worst performer to date with its share price having shed 20% in the year to date. Other counters losing ground over the period include Letshego, Turnstar, Cresta, and G4S Botswana. The country’s newest commercial bank, BBS Bank, is the BSE’s worst performer in the year to date, with its share price having shed 41.8% of its value.