In 2017, the local bourse, Botswana Stock Exchange (BSE) continued to be pivotal to the country’s financial system, and in particular the capital market, as an avenue on which government and the private sector raise debt and equity capital. Sunday Standard’s KABELO SEITSHIRO picks BSE’s top 5 performers by value and volume during the year.
NEW AFRICAN PROPERTIES ÔÇô The property outfit pulled an outstanding performance during the year after making history in June trading shares worth P453 million. The trade was the biggest in a single day since BSE started operations. NAP among others own Riverwalk mall and Kagiso Shopping mall. The company’s market capitalisation is perked at P1.7 billion. Its value of shares traded by 12 December was at P505.08 million.
SECHABA BREWERY HOLDINGS LIMITED – Forget the controversial alcohol levy, local brewer, Sechaba Holdings found its way into the top performers at BSE during 2017.
The company, which is an investment holding company with interest in Kgalagadi Breweries (Pty) Limited (KBL) traded shares valued at P353.14 million by 12 December 2017.
LETSHEGO HOLDINGS – By 12th December the value of share traded by the pan African lender, Letshego Holdings was P314.44 million. This makes it the third valuable stock at the local bourse.
FIRST NATIONAL BANK BOTSWANA ÔÇô Despite stiff competition within the banking sector, visible even at BSE, FNBB pulled a better performance at the capital markets compared to its peers. Its value of shares traded at BSE was at P249.65 million also by close of business on the 12th December 2017.
CHOPPIES LIMITED – The market leading mass grocery retailer also managed to make to the BSE top five performers in 2017. Choppies which has a secondary listing at the Johannesburg Stock Exchange had its value of shares traded at BSE perked at P176.33 million by the 12th December 2017. The retailer’s volume of shares is at P70.83 million for the same period.