Profit-taking on BSE ahead of holidays

Profit-taking on the Botswana Stock Exchange continued from where it left last week as financial counters Barclays and FNBB shed more weight in yesterday's trade. Delayed profit-taking took place on the bourse last week as investors liquidate positions ahead of the festive season.

The November-December period is traditionally a profit-taking period on most liquid bourses around the world with investors cashing in their stocks.However, for this year's season, the cash-in began rather late as investors were still riding high on the high wave of renewed confidence creeping back into the markets with the recovery of the world and the Botswana economy.

By close of trading yesterday, the Domestic Companies Index (DCI) lost a further 0.20 compounding last week's losses.The DCI finished in the red on each trading day last week weighed by persistent losses in FNBB, BIHL and Letshego. But significant volumes were observed in some selected stocks such as Turnstar, FSG, Sechaba, Letshego and FNBB.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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