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Chopping and changing
The Citizen
|January 12, 2026
HEAVY: VOLUME TRADED NEARLY 10 TIMES DAILY AVERAGE OF PAST YEAR
FALL. Choppies share, which ended 2025 at nearly R8, traded as low as R3.21 on Thursday. Picture: Bloomberg
(Bloomberg)
The top-performing share of 2025, Botswana retailer Choppies Enterprises, which was up 891% (915% on a total return basis) across 2025, tumbled 47% on Thursday on no obvious news flow.
The share closed at R3.98, having traded as low as R3.21 intraday - a decline of 57%.
Stunningly, just over one million shares were traded on the day - around 10 times the daily average over the last 52 weeks.
The entire story of Choppies last year is surprising, with the share rocketing from 80c in January to nearly R8 at the end of December.
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