BSE's biggest movers

Good afternoon! This article is coming in a bit later than usual. I was having problems with my phone’s charger since last night, which prevented me from preparing for today’s article on time.

Besides that, on Friday there wasn’t any article I released, well it was because I was at the Global Expo Botswana and wanted to gain important info, for Day 3 on Entrepreneurship and the creative sector. I learned a lot and have over 3 hours of audio recording, so right now I’m editing to release the audio tomorrow on my YouTube channel after I finish cleaning it up, I will be working around the clock to release the video, which will really be an audio to those interested.

So tomorrow it is, let’s get into it!

As of this week, CA Sales Holdings (CAS-EQO) leads the Botswana Stock Exchange (BSE) in year-to-date performance, posting an impressive +41.0 % over the past 12 months. Meanwhile, Choppies Enterprises (CHOP-EQO) made headlines with a +34.6 % weekly gain, the largest short-term jump among listed companies.

Below is an analysis of what’s driving these two stocks and how they’ve managed to capture investor attention.

Top Performer Over the Year: CA Sales Holdings (CAS-EQO)

Performance snapshot:

• 1-year return: +41.0 %

• Weekly return: +0.4 %

What’s driving the strength:

1. Strong fundamentals in FMCG distribution
   CA Sales Holdings operates across the fast-moving consumer goods value chain, offering warehousing, logistics, merchandising, and in-store execution services. Its diversified model gives it consistent exposure to consumer spending, a defensive advantage during uncertain economic conditions.

2. Solid financial growth
   The company continues to post healthy revenue and earnings growth, supported by efficient operations and manageable debt levels. Its valuation remains reasonable with a stable price-to-earnings ratio, and it continues to reward shareholders through dividends — signaling confidence in long-term profitability.

3. Resilience and consistency
   Despite regional market volatility, CA Sales has remained stable and has outperformed many Botswana-listed peers in terms of price appreciation and financial stability.

4. Positive investor sentiment
   The combination of growth, dividends, and solid fundamentals has attracted both retail and institutional investors, helping sustain the momentum that produced a 41 % return over the year.

In short, CA Sales’ integrated business model, strong management, and expanding footprint in FMCG distribution continue to drive its share price upward.

Weekly Gainer: Choppies Enterprises (CHOP-EQO)

Performance snapshot:

• 7-day return: +34.6 %

• 1-year return: Not among the top performers, but improving steadily

What’s behind the weekly surge:

1. Improved trading performance
   Choppies recently reported strong interim results showing retail sales growth of about 19 % and gross profit growth of 18 %. These improvements point to better operational efficiency and growing consumer demand in key markets.

2. Turnaround progress
   The company’s ongoing restructuring and focus on its core markets appear to be paying off. Exiting underperforming regions such as Zimbabwe has helped refocus resources on profitable areas, signaling a leaner, more efficient business model.

3. Low share price, high volatility effect
   With its lower absolute price, Choppies shares are more prone to sharp percentage changes. A relatively small increase in investor demand can result in substantial weekly percentage gains.

4. Investor speculation and momentum
   The strong interim results likely triggered renewed confidence among investors, drawing speculative buying and short-term traders seeking to capitalize on the momentum.

Overall, Choppies’ 34.6 % weekly surge reflects growing optimism about its turnaround story, improved profitability, and a return to operational stability.

Summary

While CA Sales Holdings continues to dominate the BSE over the long term due to strong fundamentals and consistent execution, Choppies Enterprises has captured short-term attention with a sharp rally driven by improving results and renewed investor confidence.

Both companies illustrate contrasting but equally important dynamics on the Botswana Stock Exchange — one built on steady operational excellence, the other on recovery and potential resurgence.