Choppies leads BSE in strong year

Fast-growing retail giant, Choppies, led top gainers on the Botswana Stock Exchange (BSE) for 2012, with its share price appreciating by 78 percent in what was its first year on the local bourse.

Stockbrokers Botswana data indicates that Choppies' share price rose from its January 26 listing level of P1.15 to close the year at P2.05, translating to an increase of 78.3 percent. The retail giant's counter reached a high of P2.10 in the third quarter of 2012 and a low of P1.40 in the second quarter.

According to Stockbrokers Botswana, beverage titan, Sechaba was the second biggest gainer on the BSE last year, with its share price rising 31 percent, while pan-African microlender, Letshego was third with a 28 percent share price rise. The Bettabeta Exchange Traded Fund (ETF) and local property investment firm, Letlole la Rona were the fourth and fifth biggest gainers for last year respectively.

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