BSE biggest movers

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The top performers and some of the factors driving their gains:

CA Sales Holdings (CAS-EQO) — 106.6%

CA Sales has seen strong growth through both acquisitions and organic expansion. The group reported higher sales volumes, successful integration of acquisitions, and benefits from inflation-driven pricing. Its dual listing on the Botswana and Johannesburg Stock Exchanges has also improved visibility and attracted more investors

Choppies Enterprises (CHOP-EQO) — 34.6%

Choppies has been restructuring, exiting unprofitable regions and focusing on core markets. This shift, combined with inflation-linked pricing, has improved investor confidence. The perception that its financial recovery is on track has contributed to its strong stock performance.

Sefalana Holdings (SEF-EQO) — 25.5%

Sefalana, a major retail and distribution group, has benefited from resilient consumer demand, inflationary support to revenues, and improved cost management. Its position as a staple supplier in Botswana’s retail landscape gives it stability and consistent returns.

Standard Chartered Bank Botswana (SCBB-EQO) — 24.1%

The bank has streamlined operations and focused on its strengths in corporate and investment banking. Rising interest rates in Botswana have boosted net interest income, while restructuring initiatives have improved efficiency and investor sentiment.

Sechaba Brewery Holdings (SECH-EQO) — 15.6%

Sechaba has enjoyed steady demand for beverages and benefits from premiumization in the local drinks market. Its strong distribution network and consistent dividend policy make it an attractive stock for investors.

Other notable gainers include Absa Bank Botswana (13.9%) and Botswana Insurance Holdings Limited (12.8%), both supported by strong balance sheets and steady income growth.

Weekly Winner

Over the past week, First National Bank of Botswana (FNBB-EQO) recorded a gain of 1.9 percent, making it the leading short-term mover in this period. While there was no major company-specific announcement, banking stocks often respond quickly to macroeconomic factors such as interest rate expectations, credit growth, and changes in inflation outlook. FNBB’s gain may reflect improving investor sentiment toward the financial sector.

What to Watch

• Macroeconomic conditions: Inflation, interest rates, and exchange rates will remain critical drivers for banks, retailers, and distributors.

• Execution of strategies: Companies like Choppies and CA Sales will need to maintain momentum by successfully managing restructuring and acquisitions.

• Policy and regulation: Changes in taxation, financial regulations, and trade policies could directly affect margins and valuations.

• Consumer spending patterns: Shifts in household demand and cost of living pressures will determine the resilience of retail and consumer-focused businesses.

Source: simplywallst