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Capital markets20 August 2026

BSE market capitalisation up 57% to P974.8 billion

Foreign listings drove the Botswana Stock Exchange higher in the first seven months of 2026; the domestic index gained a modest 1.4%.

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The Botswana Stock Exchange’s market performance report for 1 January to 31 July 2026 shows total market capitalisation of P974.8 billion, up 57.1% from P620.5 billion a year earlier. Foreign companies accounted for P914.2 billion (up 62.2%) and domestic companies P60.6 billion (up 6.6%).

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Index performance, Jan to Jul 2026 (%)0510152025303540451.4DCI4.4DCTRI40.1FCI
Index performance, Jan to Jul 2026 (%). Source: official data cited below. Chart: Batho Analytica.

The Domestic Companies Index closed July at 11,188.2 points, up 1.4% for the year, while the total return version gained 4.4%. The Foreign Companies Index rose 40.1%, led by Anglo American (up 42.2%). Other gainers were PrimeTime (15.2%), BTC (9.0%) and Investec (7.3%); Choppies (down 13.4%), Lucara (down 10.1%) and Letshego (down 5.6%) fell.

Equity turnover was P1.67 billion, 94.7% of it from local institutional investors. Retail and wholesaling was the most active sector at 37.5% of turnover, followed by banking (29.2%) and property (13.9%). FNBB, Sechaba and Sefalana were the most traded shares.

The exchange had 33 listed companies and 132 listed debt securities: 72 corporate bonds, 53 commercial paper issues and 7 government bonds. Bond turnover rose 33.4% to P2.76 billion and ETF turnover almost trebled to P846.8 million.

What this means for you

  • Listed companies face IFRS 18 from 1 January 2027; the BSE will expect the new income statement structure in 2027 interims.
  • Issuers of commercial paper and bonds should review covenant headroom after the rate hike.
  • Companies considering a listing should start preparing three years of IFRS financial statements now.

If any of these points apply to your organisation, talk to us. We will tell you what needs to change and what it will take.

Official sources
Botswana Stock Exchange: Market performance, 1 January to 31 July 2026
Published 20 August 2026. This article is general information, not advice for a specific situation.