Blue chips drag BSE southwards

Wednesday, August 17, 2016

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.

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