BSE snaps 11-week bearish streak

LEGABIBO
LEGABIBO

The Domestic Companies Index (DCI) of the Botswana Stock Exchange (BSE) last week gained to end a consecutive 11- week losing streak.

Weekly financial markets highlights released by Motswedi Securities show that local equities ended the week 22 basis points firmer,  driven by gains from some of the blue chip counters.

During the week, over 32 million shares worth P105 million were traded with Letshego trading about 85 percent of those volumes.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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