Botswana stock exchange reports down slide cajnewsafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cajnewsafrica.com Daily Mail and Mail on Sunday newspapers.
It was a black Monday at the Botswana Stock Exchange as companies continue to shed value, reflecting negative sentiments investors might be having as the pandemic drags on, affecting profitability and dividends.
ABSA Bank Botswana led the losses on Monday, dropping 18 thebe off its share price to trade at P4.52. The second biggest commercial bank in the country has lost 9.4 percent of its market value since the year started, making it the second biggest loser on the main domestic board.
Embattled Sechaba Brewery Holdings Limited began this week by losing 10 thebe as investors processed the Friday announcement that profit before tax will be approximately 15 percent (P29.1 million) lower than the P197 million reported for the year ended 31 December 2019. The companyâs share price has tumbled by 12 percent since the year began, fuelled in part by the national alcohol sales ban that ran from January until end of February.
21st February 2021
Sechaba investors are increasingly becoming pessimistic about the company’s future, with some this week sending the brewer’s share price tumbling, concerned about the almost two months alcohol ban imposed by the government.
The shuttered Sechaba Brewery Holdings lost 6.7 percent of its share price in a single week to trade at P18.25, a sign that the shareholders are becoming fed up with the alcohol ban that has forced the company to temporarily close operations. The share price had been resilient despite the alcohol ban that has been in place since the beginning of the year, but on Monday the stock that opened the year trading at P20.65 shed P1.40 from its value, and the following day the share price dropped by a further P1.
Botswana Stock Exchange Limited (BSE) started the year on a lower note as a trading activity during the first month of the year was below the previous corresponding month. As of the end of January 2021, a total equity turnover of P32.6 million was recorded from traded volumes of 27.4 million shares. During the same […]
Botswana bourse chief warns of economic challenges ahead zimbabwestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwestar.com Daily Mail and Mail on Sunday newspapers.