BIHL share price hits record high

Wednesday, September 06, 2023 | 520 Views |

Steering the ship: BIHL executives at their results briefing last Wednesday PIC: PHATSIMO KAPENG

Botswana Insurance Holdings Limited's (BIHL) share price hit an all-time high on Tuesday at P19.70, capping a week of milestones in which the counter also set the record for the Botswana Stock Exchange’s highest-ever turnover in a trading session.

BIHL, the country’s largest and most diversified financial services group, has been generally enjoying an upswing in its share price this year, and before Tuesday, had gained a net 11% on its share price since January.

On Tuesday, BIHL gained five more thebe to reach P19.70, its highest point since listing in 1991. Since its listing on the BSE, BIHL, which at one point sank to 20 thebe, has seen its share price rise by more than 7,700%, according to available data.

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