Botswana: BSE rises 1.8% in February

The Botswana Stock Exchange (BSE)’s flagship platform, the Domestic Companies Index, rose 1.78% in February, continuing a strong performance seen since the beginning of the year.
As at Wednesday, the DCI was up 2.5% for the year, with performance led by counters such as Letshego which has gained 21% since the beginning of the year.

Other counters driving the DCI this year include RDC Properties, Letlole la Rona and First National Bank, while companies with the heaviest losses in their share price thus far include BBS Ltd, G4S Botswana, Cresta Marakanelo and the Botswana Telecommunications Corporation Limited.

The DCI gained nearly two percent last year in its first positive annual performance since 2016, indicating the local bourse’s recovery from the pandemic and its continuing strength as a store of value for investors. Indicative of this, the DCI’s Total Return Index, which tracks both share price movements and dividends, appreciated by 0.8% in January, compared to a decline of 0.3% in the corresponding in 2021.

Last year, the Total Return Index rose 11.1% compared to a 3.6 percent decline in 2020.

Original story on MMegi

Add a Comment

Your email address will not be published. Required fields are marked *