Profit taking on BSE ahead of holidays
Shares prices on the Botswana Stock Exchange (BSE) weakened again last week with sellers outweighing buyers as the festive holiday’s profit-taking begins.
The November-December period is traditionally a profit-taking period on most bourses around the world with investors cashing in their stocks.
However, for this year’s season, the cash-in began rather late as investors were still riding high on the high wave of renewed confidence creeping back into the markets with the recovery of the world and the Botswana economy.
“Bearish market conditions persisted on the local bourse much to [continue reading]