Letshego weighs down BSE in Q3

Letshego Headquarters. PIC: MORERI SEJAKGOMO
Letshego Headquarters. PIC: MORERI SEJAKGOMO

Homegrown pan-African microlender, Letshego Holdings weighed down the Botswana Stock Exchange’s (BSE) third quarter 2019 performance, shedding 41% over the three months.

According to Stockbrokers Botswana’s third quarter review released on Monday, the BSE’s Domestic Companies Index (DCI) lost P2.3 billion in value largely as a result of the fall in Letshego, which dropped by 59 thebe.

The DCI’s slide, seen since the beginning of the year, however, slowed in the third quarter at 2.12 percent compared to 3.34 in the second quarter. “The DCI reached a 12-month low of 7397.77 points in August, however it recovered over September to close third quarter at 7460.95,” Stockbrokers analysts noted.

Editor's Comment
Women's bodies are not a man's playground!

In most of these cases, all this violence is done in the name of love! Love is a beautiful thing and no one who claims to love another can ever wish harm on the object of their affection let alone inflict pain upon them.A few weeks ago, the nation was shaken following the gruesome murder of two little innocent souls by their father, who after that painful act committed suicide. One of the biggest challenges that we face as a nation is that we...

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