Property counters buoy stock market

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The mood on the Botswana Stock Exchange (BSE) was buoyant in the opening week of the year, driven by the property counters that recorded the highest movements.

Analysts attributed the rise in property stocks to their relatively attractive dividend yields, as compared to other counters on the main board during the week ended January 9. Property counters Letlole and Primetime dominated the domestic front as they gained 2.3 percent and 1.9 percent trading at their new 12-month highs of 220 thebe and 265 thebe respectively.

 On the other hand Turnstar notched up by half a percent, reaching a 52-week high of 209 thebe.

Editor's Comment
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