BBS Bank’s share price rose by a net 40% in the first six months of the year, the highest on the Botswana Stock Exchange (BSE) in a rosy period in which all but two counters ended the half year in the black.
The country’s only indigenous bank enjoyed a strong 2024, recording its first ever profit in the first half of last year and ending the full year with pretax profits of P45.3 million, up from a loss of P28.2 million the prior year.
Other counters in the top five gainers for the first half of the year include Choppies, Standard Chartered Bank Botswana, Sechaba and Sefalana. Botswana Telecommunications Limited, which has struggled in previous years, was the sixth best performing counter on the Domestic Companies Index in the half year. The only two losers in the half year were Letshego and G4S Botswana, whose share prices shed 8.7% and 59.2% respectively.
According to the BSE, the top three traded companies during the half year were First National Bank Botswana with trades worth P812.9 million, Sefalana (P523.9 million) and CA Sales (P375.0 million). According to the local bourse, the total turnover from these three companies accounted for 36.2% of total equity turnover, with the leading counter FNBB accounting for 17.2% of total equity turnover.
