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The yearly performance shows a significant spread, with retail and telecommunications leading the pack, while some specialized service and property firms struggled.
Ticker | Company | 1Y Return | Context & Drivers |
CHOP-EQO | Choppies Enterprises | +177.8% | Despite recent profit strains due to diamond market slumps and pula devaluation, the stock has seen a massive recovery from previous lows. |
BTCL-EQO | Botswana Telecommunications | +37.7% | Growth driven by steady demand for data and digital services as the company modernizes its delivery models. |
CAS-EQO | CA Sales Holdings | +17.9% | Bolstered by its expansion into East Africa and successful onboarding of new global and local brand partners. |
SECH-EQO | Sechaba Brewery Holdings | +12.1% | Benefited from consistent consumer demand in the beverage sector. |
FNBB-EQO | First National Bank of Botswana | +9.6% | Outperformed the local banking industry average, supported by strong non-interest income. |
ABBL-EQO | Absa Bank Botswana | +7.6% | Experienced marginal profit dips due to rising costs, but maintained growth through strong trading income. |
SEF-EQO | Sefalana Holding | +6.7% | Steady performance in the diversified retail and wholesale sector. |
RDCP-EQU | RDC Properties | +6.3% | Moderate growth within the property portfolio. |
BBS-EQO | BBS Bank | +6.1% | Supported by its transition into full commercial banking services. |
CHOB-EQO | Chobe Holdings | +5.9% | Earnings have grown significantly over the long term, though current hospitality returns are underperforming the wider industry. |
SCBB-EQO | Standard Chartered Bank | +5.3% | Steady returns despite a tightening liquidity environment. |
OCCL-EQO | Olympia Capital | +3.7% | Marginal gains in the investment holding space. |
LLR-EQU | Letlole La Rona | +3.4% | Stable performance from industrial and commercial property assets. |
PTPH-EQU | Primetime Property Holdings | +2.5% | Positive but limited growth in the real estate sector. |
BIHL-EQO | Botswana Insurance Holdings | +2.2% | Maintained steady performance as a leading financial services group. |
NAP-EQU | New African Properties | +1.2% | Minimal gain, reflecting a cautious retail property market. |
The Laggards: Yearly Declines
CRE-EQO (Cresta Marakanelo): -8.6%
While the company has seen operational improvements post-pandemic, the stock has faced downward pressure, likely due to high operational costs and lease obligations.
TURN-EQU (Turnstar Holdings): -8.8%
Faced headwinds in the property rental market.
G4S-EQO (G4S Botswana): -9.0%
Profits were significantly impacted by a 23.5% statutory wage hike and high impairment losses on financial assets.
LETS-EQO (Letshego Africa Holdings): -19.0%
The biggest decliner is struggling with regional currency volatility and tightening credit conditions.
Weekly Spotlight: The Short-Term Winner
While most stocks remained flat over the last seven days, First National Bank of Botswana (FNBB-EQO) was the standout, gaining 0.5% on its weekly return. This uptick reflects continued investor confidence in the bank's resilient balance sheet and its ability to outperform industry peers.
Source: simplywallst

