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
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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