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BSE uptrend continues

On the march: Stanchart CEO, Mpho Masupe, is delivering returns to investors
On the march: Stanchart CEO, Mpho Masupe, is delivering returns to investors

The Botswana Stock Exchange (BSE)’s flagship platform, the Domestic Companies Index (DCI) closed May having risen 4.1 percent since the beginning of the year, a strong performance by most listed companies that also hints at recovery in the general economy.

Statistics from Stockbrokers Botswana indicate that in the first five months of the year, the charge was led by Standard Chartered whose share price rose 41.1% during the period, followed by Chobe Holdings, Absa, and Cresta.

Standard Chartered has enjoyed a rosy period on the DCI, ticking up by more than 10 thebe on two separate days in the first five months of the year. The bank posted a threefold increase in pre-tax profits for the year to December 2022, recording P253.1 million.


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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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