RDCP (Property developer) was the highest climber at the end of last week, pushing on 2.4% to reach a new all time high of P0.42 on increased buying. Investors are currently excited about the Masa Centre, which RDCP is currently developing. The Masa Centre will be a jewel in the group’s property portfolio and the first mixed use development in Botswana.
Engen bounced to winning ways, pushing on 1.4% to P0.365 since some investors view the current lower price as a favorable entry point.
Sefcash pulled on 1.1% to P0.01425, while IAMGOLD added 0.9% to P0.098 thebe, buoyed by relatively firmer gold prices on the international market.
On the downside, Olympia tumbled by 15.4% to P0.55, followed by African Copper which lost 11% to P0.65 and FNBB which ended the week 5.7% weaker at P2.50 as investors continue to take in profits. Other losses were in Discovery Metals down 3.4% to P2.85, Letshego which has been on an upward trend for the past three weeks finally succumbed to profit taking, losing 3.1% to P15.50. Insurance giant BIHL lost another 2.6% to P11.40 also on profit taking, while Sechaba finished 0.2% softer to close at a new 52-week low of P12.98 thebe after the company released a tepid set of interim results.
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