Good morning, let’s get into it!

The Botswana Stock Exchange continues to show signs of resilience, with several counters posting impressive gains over the past year. Below is a clear ranking of the top performers by yearly return, why they likely gained, and a quick look at the weekly gainers.

1. Choppies Enterprises (CHOP-EQ) — +36.5% (1-Year)

Choppies leads the market with the strongest yearly growth.

Why it gained:

• The company has been on a turnaround path, improving operational efficiencies after years of restructuring.

• Expansion into new regions and recovery in consumer spending likely boosted revenue.

• Stronger cost controls and better inventory management may have improved profitability, attracting investors back to the stock.

2. Standard Chartered Bank Botswana (SCBB-EQ) — +24.1% (1-Year)

A powerful banking-sector performer.

Why it gained:

• Rising interest rates over the year have boosted bank margins.

• Improved digital banking adoption has helped reduce operating costs.

• Investor confidence in stable, well-capitalised banks remains high amid uncertainty in other sectors.

3. CA Sales Holdings (CAS-EQ) — +22.0% (1-Year)

A regional FMCG distributor with steady momentum.

Why it gained:

• Strong performance in Southern Africa as consumer demand stabilised.

• Continued expansion into supply-chain and distribution services across the region.

• Defensive nature of FMCG makes the stock attractive during inflationary periods.

4. Sechaba Brewery Holdings (SECH-EQ) — +15.6% (1-Year)

Botswana’s beverages giant continues to deliver.

Why it gained:

• Alcohol consumption recovered strongly post-pandemic, stabilising revenues.

• Improved operational efficiencies from its partnership with global brewing companies.

• Solid dividend history keeps institutional investors invested.

5. Botswana Telecommunications Corporation (BTCL-EQ) — +14.2% (1-Year)

Why it gained:

• Expansion of fibre and mobile internet services across the country.

• Increased data usage from both consumers and businesses.

• Cost-cutting initiatives improving margins slowly but steadily.

6. Sefalana Holdings (SEF-EQ) — +12.1% (1-Year)

Why it gained:

• Continued regional expansion (Namibia, Lesotho, etc.) strengthening revenue streams.

• Growth in retail and wholesale divisions.

• Strong consumer support for its diversified product offerings.

7. Absa Bank Botswana (ABBL-EQ) — +9.6% (1-Year)

Why it gained:

• Solid loan book performance.

• Strong corporate banking segment.

• A stable dividend and strong brand reputation among investors.

8. First National Bank Botswana (FNBB-EQ) — +9.4% (1-Year)

Why it gained:

• Digital banking leadership continues to reduce costs and improve efficiency.

• High customer retention and strong capital reserves.

• Consistent profitability supports long-term investor confidence.

9. Botswana Insurance Holdings (BIHL-EQ) — +4.6% (1-Year)

Why it gained:

• Strong performance from its asset-management and life-insurance units.

• Growth in investment income due to market recovery.

• Reliable dividend payouts remain a key attraction.

10. RDC Properties (RDCP-EQ) — +4.2% (1-Year)

Why it gained:

• Diversified real-estate portfolio across Botswana, South Africa, and Europe.

• Recovery in commercial real estate after a tough few years.

• Strong management strategy focusing on income-generating properties.

11. Letlole La Rona (LLR-EQ) — +3.4% (1-Year)

Why it gained:

• Stable rental income from industrial and commercial tenants.

• Strategic acquisitions boosting asset value.

• Market confidence in REIT-like stocks for income stability.

12. Turnstar Holdings (TURN-EQ) — +2.3% (1-Year)

Small but stable growth.

Why it gained:

• Improved occupancy rates in retail malls across Botswana and Tanzania.

• Strong hospitality recovery boosting earnings.

13. Chobe Holdings (CHOB-EQ) — +2.2% (1-Year)

Why it gained:

• Tourism sector recovery as international arrivals increase.

• Improved occupancy in lodges around Chobe and Okavango.

14. Engen Botswana (ENG-EQ) — +0.8% (1-Year)

Why it gained:

• Stable fuel demand across the year.

• Strong retail network keeping cash flow steady.

• Margins remain thin due to regulated prices, limiting upside.

0% Movement Stocks

(Access Bank Botswana, Seed Co, Letshego, New African Properties, Far Property, several others)

These counters saw no price movement over the period.
Many are stable income-generating companies but lacked strong catalysts for price appreciation this year.

Weekly Gainers (7-Day Performance)

1. RDC Properties (RDCP-EQ) — +4.2% (Weekly)

Likely driven by investor sentiment around real-estate stability and possible expectations of improved dividend performance.

2. Sefalana (SEF-EQ) — +1.0% (Weekly)

A short-term bump possibly linked to strong trading updates or increased consumer activity heading into the holiday period.

(All other stocks show 0% weekly movement in the screenshots.)

Final Thoughts

Botswana’s equities continue to demonstrate stability, with consumer goods, banking, and telecommunications leading the way. CHOP, SCBB, and CAS are the clear annual outperformers, and weekly movements suggest a mild shift toward property and retail counters.

Source: simplywallst