Good morning, let’s get into it!
Welcome to this week's market wrap-up, where we look at the shifting tides of the local bourse, analyzing long-term winners, recent weekly movements, and breaking corporate updates.
1-Year Performance Leaderboard: From Best to Worst
Long-term performance reveals a massive divergence across sectors, led by a blistering retail resurgence and solid utility/telecom gains, while certain financial and hospitality stocks have lagged.
Here is how the market shaped up over the past year:
Company | Ticker | 1Y Return | Why? / Market Context |
Choppies Enterprises | CHOP-EQO | +112.9% | Driven by aggressive expansion, recovering margins, and strong insider buying that signals long-term confidence. |
Botswana Telecommunications | BTCL-EQO | +32.7% | Boosted by solid digital infrastructure demand and consistent, reliable dividend payouts. |
PrimeTime Property Holdings | PTPH-EQU | +18.0% | Backed by a stabilizing commercial real estate portfolio. |
Sechaba Brewery Holdings | SECH-EQO | +12.1% | Supported by a resilient consumer segment and sticky brand loyalty. |
First National Bank of Botswana | FNBB-EQO | +7.5% | Supported by steady banking operations and higher interest rate environments. |
RDC Properties | RDCP-EQU | +7.1% | Steady rental yields and regional portfolio diversification. |
CA Sales Holdings | CAS-EQO | +6.8% | Benefiting from broad FMCG distribution networks across southern Africa. |
Sefalana Holding | SEF-EQO | +6.7% | Steady fast-moving consumer goods (FMCG) wholesale demand providing reliable defensive qualities. |
Chobe Holdings | CHOB-EQU | +6.3% | Supported by steady luxury tourism demand. |
Absa Bank Botswana | ABBL-EQO | +6.3% | Balanced asset book growth and digitalization efforts. |
Olympia Capital | OCCL-EQO | +3.7% | Minor operational recovery driving small positive sentiment. |
Botswana Insurance Holdings | BIHL-EQO | +3.2% | Steady premiums underwritten, offset slightly by rising claims. |
Standard Chartered Bank | SCBB-EQO | +1.0% | Subdued but stable, tracking closely to historical baselines. |
New African Properties | NAP-EQU | +0.5% | Marginal upside following standard retail property rental adjustments. |
Flat Performers (LLR, BBS, SHUM, MIN, ENG, ACC, SEED, FPC) | Various | 0.0% | Illiquid trading weeks or market evaluation matching historical baselines. |
Cresta Marakanelo | CRE-EQO | -8.6% | Elevated operational costs squeezing hospitality margins. |
Turnstar Holdings | TURN-EQU | -8.8% | Valuation pressures on select commercial developments. |
G4S Botswana | G4S-EQO | -9.0% | Rising cost of labor and intense domestic competition in security logistics. |
Letshego Africa Holdings | LETS-EQO | -19.0% | Squeezed by micro-lending regulatory adjustments and asset quality pressures across expanding markets. |
Weekly Action: Who Actually Moved?
It was an exceptionally quiet week on the local exchange, with 0% price movements dominating almost the entire board. Only one stock broke the silence:
Choppies Enterprises (CHOP-EQO): Dropped slightly by -0.7% over the past 7 days, closing at P1.49. Despite the minor pullback, it remains the standout champion of the year.
Top 3 Corporate News Highlights
Keep an eye on these recent regulatory and corporate developments shaping investor sentiment:
1. Choppies Enterprises (CHOP-EQO)
The Update: High-level insider buying was recorded on June 23rd. Group CEO and Executive Director, Ramachandran Ottapathu, purchased approximately 62,000 shares on the open market at roughly P1.50 per share.
The Takeaway: This transaction amounted to a total investment of P93,000. While it represents less than 1% of his direct holdings, open-market buying by top executives is generally viewed by investors as a vote of absolute confidence in the company's valuation.
2. Botswana Telecommunications (BTCL-EQO)
The Update: BTCL officially declared a final dividend of P0.011 (1.12 thebe) per share on June 28th following the wrap of their financial year.
The Details: Shareholders looking to cash in need to note the Ex-dividend date on July 22, 2026, ahead of the official Payment date on August 5, 2026. This places the current dividend yield at 4.3%.
3. Letlole La Rona (LLR-EQU)
The Update: The industrial property specialists announced their upcoming financial calendar dates on June 30th.
The Details: Letlole La Rona will officially report its Fiscal Year 2026 audited financial results on September 30, 2026, at 1:20 PM South Africa Standard Time (SAST). Expect key updates on portfolio occupancy and lease renewals then.
Source: simplywallst
