Share prices head northwards

Stock prices on the Botswana Stock Exchange have just begun to bounce back from a weakening period that saw both the DCI and the FCI lose weight week in and week out since late last year, with bank stocks the hardest hit by a market correction exercise.

However, Tumelo believes now it is the time for investors to hop back on the ship as "it would be ridiculous to see prices drop below the current levels". Although the benchmark DCI has lost about 15 percent on a year-to-date basis, the last eight trading weeks have seen some buying orders beginning to outweigh the selling pressure.