BSE in the red as blue chips soften

Friday, July 08, 2016

Poor performance of large capitalised counters at the Botswana Stock Exchange (BSE) has pulled down the Domestic Companies Index (DCI) by 4.67% in the first half of the year.

Garry Juma of Motswedi Securities indicated that this is in sharp contrast to the 11.6% gain during the same period in 2015.

He revealed that four of the large cap counters; Letshego, Choppies, First National Bank Botswana (FNBB) and Standard Chartered Bank, whose shares dominate the domestic board, went down by 14.1%, 9.1%, 11% and 27.7% respectively.

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