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.


Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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