BSE biggest movers

Good afternoon, let’s get into it!

The Botswana Stock Exchange continues to show quiet but steady activity across retail, banking, real estate, and consumer goods. Looking at the latest performance data, several companies have stood out due to strong yearly returns, while only a few have shown meaningful weekly momentum.

This report ranks the top performers from highest to lowest 1-Year Return, summarizes why they gained, and highlights the companies showing weekly gains.

Top Performers by 1-Year Return

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

Choppies leads the market this year with strong recovery-driven growth. After years of restructuring, cost control, and store optimization, the retailer has been rebuilding investor confidence. The company continues expanding private label products and improving store efficiencies, helping margins and sentiment improve.

Core drivers:

• Operational turnaround and debt stabilization

• Stronger retail demand post-pandemic

• Improved investor confidence

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

Standard Chartered has benefited from rising interest rate margins and stable corporate banking performance. Its digital banking rollout is also reducing costs while improving efficiency.

Core drivers:

• Higher net interest income in a rising rate environment

• Improved digital service adoption

• Strong corporate banking activity

3. CA Sales Holdings (CAS-EQO) — +22.0%

CA Sales continues to benefit from its distribution and FMCG logistics network across Southern Africa. With strong supplier relationships and expansion into new retail chains, the company has delivered consistent revenue growth.

Core drivers:

• Strong regional FMCG distribution model

• Continued client expansion

• Supply chain efficiency

4. Sefalana Holdings (SEF-EQO) — +16.7%

Sefalana maintains long-term steady performance. Regional diversification into Namibia, Lesotho, and South Africa has played well, balancing Botswana’s slow-growth consumer market.

Core drivers:

• Revenue diversification across SADC markets

• Stable consumer demand in essential goods

• Efficient retail operations

5. Sechaba Brewery Holdings (SECH-EQO) — +15.6%

Sechaba remains a dominant beverage player with consistent dividends. Growth is being supported by resilient beer demand and stable pricing power.

Core drivers:

• Strong brand portfolio and market dominance

• Relatively inelastic demand for beverages

• Steady dividend appeal to income investors

6. Absa Bank Botswana (ABBL-EQO) — +9.6%

7. First National Bank Botswana (FNBB-EQO) — +9.4%

Both banks continue to benefit from stable household and business lending. Their performance aligns with conservative credit risk management and growing digital product usage.

Shared drivers:

• Resilient banking sector earnings

• Increased digital banking adoption

• Conservative capital buffers reduce downside risks

Mid-Range and Modest Performers

Notable Decliner

Letshego Africa Holdings (LETS-EQO) — -17.4%

Letshego continues facing pressure from:

• Regulatory tightening around micro-lending

• Investor concerns over margins and non-performing loan exposure

• Slow restructuring outcomes across African subsidiaries

Weekly Movers

While most companies had no change this week, a few showed fresh momentum:

These short-term movements could signal early rotation toward defensive and income-focused companies.

Key Insight Going Forward

This year’s performance shows that companies with strong regional expansion, efficient cost structures, and sustainable demand are outperforming. Defensive sectors — banking, essential retail, and beverages — continue to anchor the BSE.

Meanwhile, sectors dependent on discretionary consumer spending and property cycles remain slow.

source;

simplywallst