Large caps drag BSE southwards

Friday, December 02, 2016

In the red: The BSE has softened since the begining of the year

The Botswana Stock Exchange (BSE) as measured by the benchmark Domestic Companies Index (DCI) has continued trading in negative territory adding to its losses in the third quarter of 2016.

Dragged down by poor performance of large caps such as Choppies, Sechaba, FNBB, Stanchart and Letshego, the mainstream DCI has lost nine percent since the beginning of the year.

The market reached a 12-month low of 9,504.24 points mid-quarter before rebounding to close the quarter at 9,796.69 points. Market watchers have attributed the loss on the DCI mainly to the poor share price performances by large capitalisation counters.

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