BSE bears carryover into 2017

Choppies lost almost half of its value on the BSE in 2016
Choppies lost almost half of its value on the BSE in 2016

After losing 11.33% in 2016, the Botswana Stock Exchange (BSE) looks to continue its bearish streak with sellers outweighing buyers again in the first week of trading of 2017.

The Domestic Companies Index (DCI) shed a further 0.12% in the three days of trading last week and closed the first week of the year 11.37 points lower. Opening the year on a losing note were Stanchart, Turnstar, Barclays and BIHL.

Stanchart, which opened the year trading on a cautionary, was one of the biggest losers for the week, softening 1.9% or 15 thebe to close the week’s trading at P7.60, a new 12-month low.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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