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
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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