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BSE biggest movers
Choppies can't stop, won't stop
Good morning, let’s get into it!
The Botswana Stock Exchange (BSE) has seen a year of remarkable resilience and growth. From retail giants making massive turnarounds to the banking sector showing steady dividends, investors have had plenty to celebrate. Below is a breakdown of the top performers this year and the movers in the past week.
Top Yearly Gainers: From Peak to Base
Company | Yearly Return | Why It Gained |
Choppies Enterprises | +201.9% | The standout performer of the year. Choppies saw a massive resurgence driven by a successful restructuring of its debt and a return to profitability. Investors responded positively to its expansion into new markets and organic growth in existing stores. |
BBS Bank | +40.0% | After years of transition, BBS Bank achieved a major milestone by turning profitable for the first time since 2018. This turnaround was bolstered by a 68% increase in net interest income and a significant 70% growth in its unsecured loan portfolio. |
Standard Chartered Bank | +24.8% | Stanchart maintained its status as a "dividend king." Consistent profitability and high dividend payouts (over 100 thebe per share) have kept investor sentiment high in a stable interest rate environment. |
BTCL | +23.6% | The telecommunications giant reported a 30% jump in profit before tax and a 4% revenue increase. Its strategic focus on data and digital transformation is clearly paying off. |
Sechaba Brewery | +18.7% | Sechaba continues to benefit from its dominant position in the beverage market. Strong cash flows and substantial special dividends (totaling over 300 thebe) have made it a favorite for income-focused investors. |
CA Sales Holdings | +17.9% | Specializing in FMCG distribution, CA Sales grew due to its expanding footprint across Southern Africa and resilient consumer demand for essential goods. |
Sefalana Holding | +12.8% | Sefalana reported record-breaking results in its 51-year history. A 15% increase in revenue and a strategic 30% equity stake in a South African venture (UIH) boosted market confidence. |
Absa Bank Botswana | +9.8% | Absa's gain is rooted in steady earnings growth (17.5% annually over 5 years) and a reliable balance sheet, matching the overall growth of the local banking industry. |
Chobe Holdings | +6.6% | As the hospitality sector recovers, Chobe's earnings grew by over 50% annually over the last 5 years. Reinvestments into lodges like Chobe Marina have signaled long-term growth. |
FNBB | +6.7% | FNBB remains a cornerstone of the BSE. It was recently recognized for its ESG efforts and "Best Bank" awards, maintaining steady growth despite a competitive landscape. |
RDC Properties | +4.2% | A 129% increase in total comprehensive income and a 91% increase in interim distributions helped push the property giant forward this year. |
Olympia Capital | +3.7% | Modest gains were supported by stable half-year results and strategic board appointments to steer future growth. |
Letlole La Rona | +3.4% | Its diversified property portfolio continues to provide stable rental income, making it a reliable defensive stock for many portfolios. |
Primetime Property | +2.5% | Despite some market volatility, its expansion and property improvement programs have kept its valuation in the green. |
BIHL | +2.3% | The insurance leader saw a small gain despite some margin pressure. Its massive market presence and consistent interim dividends keep it a staple for long-term holders. |
Engen Botswana | +0.8% | Engen faced a tough year due to fuel supply challenges and import quotas, but it managed to stay in positive territory for the year thanks to early-year performance. |
Weekly Movers: The 7-Day Snapshot
While most of the market remained flat this week (0%), two companies managed to break the trend:
Choppies Enterprises (+31.9%): Continuing its momentum from earlier in the month, Choppies remains the most volatile and high-growth stock on the board. The recent surge is likely due to year-end positioning by institutional investors who are betting on its continued retail dominance.
Sefalana Holding (+0.3%): A slight uptick following recent announcements of record profits. Sefalana’s steady "buy-and-hold" appeal continues to attract minor capital inflows even in a quiet trading week.
Source: simplywallst