Blue chips drag BSE southwards

In the red: BSE latest listing, BTCL is among is among the biggest losers
In the red: BSE latest listing, BTCL is among is among the biggest losers

Bearish trading persisted on the Botswana Stock Exchange (BSE) on Monday with continued softening of blue chip counters dragging the year-to-date losses by the benchmark Domestic Companies Index (DCI) to 10.95%.

After shedding 2.2% last week, the DCI lost another 0.11% on Monday strengthening a southwards trend that has characterised the market since the beginning of the year.

This year performance of the bourse is a direct contrast to 2015 where the benchmark index was 16.9% in the black by the second week of August 2015.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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