BSE heads for strongest year since 2013
Friday, December 08, 2023 | 290 Views |
![Heading north: The BSE is storming to a strong year PIC: MORERI SEJAKGOMO](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/12/08/94659.jpg&w=800&q=72&f=jpg&t=1)
Heading north: The BSE is storming to a strong year PIC: MORERI SEJAKGOMO
By close of market on Wednesday, the DCI was up 15% in the year to date, led by counters such as Chobe Holdings (+88.6%), Standard Chartered Bank Botswana (+77.7%), Seedco (30%), Absa Botswana (22.1%) and First National Bank Botswana (21.7%).
The last time the DCI performed at similar levels was in 2013, when it ended the year up 17.8%, before sliding for several years including an 11.3% drop in 2018, followed by an 8.3 percent fall during the COVID-19 year of 2020.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...