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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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