BSE swims against economic downturn tide

Friday, December 20, 2024 | 340 Views |

At the helm: Bolokwe PIC: MORERI SEJAKGOMO

The Botswana Stock Exchange (BSE)’s main platform, the Domestic Companies Index, enjoyed another strong year, rising by more than 12.2% and adding P6 billion in value despite tightening conditions in the economy.

Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.

This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank Botswana, First National Bank Botswana, BIHL and Absa were all amongst counters whose share prices rose. Only Access Bank, amongst the banks, was marginally down one percent as at Press time on Wednesday.

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