BSE biggest movers

Choppies, Btcl & Turnstar Holdings top gainers of the weekly

Author

Boago Sephutho
January 12, 2026

Good morning, let’s get into it!

As we enter the second week of January 2026, the Botswana Stock Exchange (BSE) shows a market in a state of vigorous recovery and strategic transition. Investors have been rewarded by several "comeback stories" and consistent performers in the banking and retail sectors.

Below is a breakdown of the top performers from your dashboard, ranked primarily by their yearly (1Y) return, followed by the weekly (7D) momentum leaders.

Top Yearly Gainers

Ticker

Company

Last Price

1Y Return

7D Return

CHOP-EQO

Choppies Enterprises

P1.90

+265.4%

+5.6%

BBS-EQO

BBS Bank

P0.70

+40.0%

0%

BTCL-EQO

Botswana Telecom

P1.35

+27.4%

+0.7%

SCBB-EQO

Standard Chartered

P8.75

+24.8%

0%

SECH-EQO

Sechaba Brewery

P38.00

+18.7%

0%

CAS-EQO

CA Sales Holdings

P14.15

+17.9%

0%

SEF-EQO

Sefalana Holding

P16.00

+12.8%

0%

Weekly Momentum Leaders

While most of the market remained flat over the last seven days, three counters broke the trend to post gains:

  1. Choppies Enterprises (CHOP-EQO): +5.6%

    Leading both the yearly and weekly charts, Choppies is benefiting from a "double tailwind." Beyond its massive yearly recovery, the recent weekly surge is linked to high trading volumes following the vesting of management incentive shares and strong performance reports from its Namibian and Zambian subsidiaries.

  2. Botswana Telecom (BTCL-EQO): +0.7%

    BTCL saw a slight uptick this week as it went "Ex-Dividend" on January 7th. Investors often buy in just before this date to secure the interim dividend of 5.15 thebe per share, which is scheduled for payment on January 21, 2026.

  3. Turnstar Holdings (TURN-EQU): +0.5%

    Turnstar moved up slightly (P2.05 to P2.06) following the release of a circular regarding its new company constitution. The market is reacting positively to proposed governance improvements, including a mandate for a 60% independent board, as the company prepares for its Extraordinary General Meeting (EGM) in February.

Why the Yearly Giants Gained

Choppies Enterprises: The Multi-Bagger (+265.4%)

The undisputed leader, Choppies has undergone a massive rehabilitation. After years of audit-related struggles, the retailer returned to profitability and resumed dividend payments. The exit from non-performing markets like South Africa and Mozambique has allowed its core Botswana and Zimbabwe operations to shine, driving the stock back toward its original IPO valuation.

BBS Bank: The Turnaround (+40.0%)

BBS Bank’s climb marks its successful transition from a building society to a commercial bank. The "turnaround" narrative was cemented when the bank reported its first consistent profits after a long period of losses, alongside the rollout of new digital banking platforms.

Standard Chartered & Sechaba: The Yield Kings (+24.8% & +18.7%)

The banking and brewery sectors have been the bedrock of the BSE this year. Stanchart benefited from high interest rates and a massive Return on Equity (ROE) exceeding 26%. Meanwhile, Sechaba remains the "dividend king," with strong beer volumes and consistent payouts keeping investor demand high despite inflationary pressures on raw materials.

Source: simplywallst