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
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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