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BSE biggest movers
The market stays stable
Good morning, let’s get into it!
The past year has seen a significant reshuffling of the leaderboards, with retail and banking sectors taking the center stage.
Company | Ticker | Yearly Return | Why It Gained |
Choppies Enterprises | CHOP | +265.4% | A massive recovery fueled by the strategic exit from loss-making markets (Zimbabwe/South Africa) and a return to profitability in its core Botswana and Namibia segments. |
BBS Bank | BBS | +40.0% | Investor confidence surged following its transition to a full commercial bank and a subsequent 40% jump in share price as it stabilized operations. |
BTCL | BTCL | +27.4% | Driven by a 57% jump in profit after tax and a successful strategic pivot from copper to high-speed fiber infrastructure. |
Standard Chartered | SCBB | +24.8% | Benefited from a 29% growth in wealth management solutions and strong cross-border corporate banking performance. |
Sechaba Brewery | SECH | +18.7% | Strong consumer demand and stable dividend payouts continue to make this a defensive favorite for local institutions. |
CA Sales Holdings | CAS | +17.9% | Robust organic growth across its Southern African distribution network and increased trading volume. |
Sefalana Holding | SEF | +12.8% | Consistent performance in the FMCG sector and successful expansion into neighboring regional markets. |
Absa Bank Botswana | ABBL | +9.3% | Supported by solid interest income and a healthy recovery in its retail loan book. |
Chobe Holdings | CHOB | +6.6% | A steady rebound in the tourism sector as high-end travel volumes returned to pre-pandemic levels. |
FNBB | FNBB | +6.4% | Despite being the most traded stock by value, its large market cap led to steady, rather than explosive, growth. |
Olympia Capital | OCCL | +3.7% | Gains linked to restructuring efforts and niche industrial demand. |
Letlole La Rona | LLR | +3.4% | Performance driven by a resilient industrial property portfolio and high occupancy rates. |
Primetime Property | PTPH | +2.5% | Benefit from stable rental yields in its diversified property portfolio across Botswana and Zambia. |
BIHL | BIHL | +2.3% | Modest gains as the insurance giant navigated a competitive life insurance market and fluctuating investment income. |
New African Prop. | NAP | +1.5% | Stable returns supported by a strong retail-focused property portfolio (mainly malls). |
Engen Botswana | ENG | +0.8% | Hovering near flat due to global oil price volatility affecting local margins. |
Weekly Gainers: Who Moved This Week?
While the yearly view shows long-term strategy, the weekly view highlights current market sentiment.
Choppies Enterprises (CHOP): Remained active this week as investors continued to react to its turnaround narrative. It remains the "hot" stock of the season.
BTCL: Saw continued interest following the announcement of its interim dividend of 5.15 thebe per share, attracting yield-seeking investors.
BBS Bank: Maintains momentum as it settles into its new identity as a commercial entity, with local individual investors showing increased interest.
Source: simplywallst