Good morning, let’s get into it!

1. Top Gainers (+10% and Above)

  • Choppies Enterprises (CHOP-EQO) — +112.9% | P1.49

    • Driver: Rebounding after extensive debt restructuring, regional portfolio expansion, and strong sales growth across its retail network following the integration of Kamoso Group assets.

  • Botswana Telecommunications Corporation (BTCL-EQO) — +25.9% | P1.46

    • Driver: Strong growth in high-margin enterprise data and mobile internet services, paired with steady dividend payouts.

  • PrimeTime Property Holdings (PTPH-EQU) — +18.0% | P1.90

    • Driver: Improved occupancy rates across key commercial and retail assets, driving positive cash flows and property valuations.

2. Moderate Performers (+1% to +9.9%)

  • Sechaba Brewery Holdings (SECH-EQO) — +9.4% | P40.50

    • Driver: Resilient beverage demand and strong pricing power mitigating input inflation.

  • RDC Properties (RDCP-EQU) — +8.3% | P2.60

    • Driver: Portfolio diversification across regional property markets providing stable rental income streams.

  • First National Bank of Botswana (FNBB-EQO) — +6.7% | P5.70

    • Driver: High net interest margins, solid digital banking migration, and stable credit quality.

  • Sefalana Holding (SEF-EQO) — +6.7% | P16.00

    • Driver: Consistent sales performance in FMCG wholesale and retail across regional operations.

  • CA Sales Holdings (CAS-EQO) — +6.4% | P14.15

    • Driver: Steady volume movement across fast-moving consumer goods distribution networks in Southern Africa.

  • Chobe Holdings (CHOB-EQO) — +6.2% | P18.65

    • Driver: Continued post-pandemic recovery in eco-tourism, high lodge occupancy, and premium room rates.

  • Absa Bank Botswana (ABBL-EQO) — +4.0% | P7.80

    • Driver: Modest credit growth and increased non-interest income from transaction fees.

  • Olympia Capital (OCCL-EQO) — +3.7% | P0.28

    • Driver: Low-volume trading with slight upside driven by localized manufacturing demand.

  • Botswana Insurance Holdings (BIHL-EQO) — +3.2% | P23.75

    • Driver: Steady premium income from life insurance and wealth management assets under management.

  • Standard Chartered Bank Botswana (SCBB-EQO) — +0.8% | P8.76

    • Driver: Conservative balance sheet growth keeping overall returns modest.

  • New African Properties (NAP-EQU) — +0.5% | P4.06

    • Driver: High retail tenant retention providing stable but capped upside potential.

3. Flat / Unchanged (0.0% Annual Return)

  • Engen Botswana (ENG-EQO) — P14.25

  • Access Bank Botswana (ACC-EQO) — P2.04

  • Seed Co International (SEED-EQO) — P3.50

  • Far Property Company (FPC-EQU) — P1.80

  • Letlole La Rona (LLR-EQU) — P3.05

  • BBS Bank (BBS-EQO) — P0.70

  • Shumba Energy (SHUM-EQO) — P0.90

  • Minergy (MIN-EQO) — P0.40

    • Driver: Low trading liquidity on the exchange, offset by balanced operational performance or ongoing capital restructuring that keeps market valuation flat.

4. Decliners (Negative Returns)

  • Cresta Marakanelo (CRE-EQO) — -8.6% | P1.17

    • Driver: Higher operating costs, margin pressure in corporate hospitality, and reduced leisure spend.

  • Turnstar Holdings (TURN-EQU) — -8.8% | P2.06

    • Driver: Headwinds in select commercial property segments and currency volatility in regional operations.

  • G4S Botswana (G4S-EQO) — -9.0% | P0.91

    • Driver: Rising wage and fuel costs alongside tighter margins in traditional security services.

  • Letshego Africa Holdings (LETS-EQO) — -19.0% | P0.85

    • Driver: High credit impairment provisions across pan-African consumer lending markets and currency headwinds in key operating territories.

Source: simplywallst