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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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