BSE in the red as blue chips soften

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Poor performance of large capitalised counters at the Botswana Stock Exchange (BSE) has pulled down the Domestic Companies Index (DCI) by 4.67% in the first half of the year.

Garry Juma of Motswedi Securities indicated that this is in sharp contrast to the 11.6% gain during the same period in 2015.

He revealed that four of the large cap counters; Letshego, Choppies, First National Bank Botswana (FNBB) and Standard Chartered Bank, whose shares dominate the domestic board, went down by 14.1%, 9.1%, 11% and 27.7% respectively.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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