Mmegi

BTC reaches seven-year high on BSE

Confident: Peschel sees support for the share price getting stronger
Confident: Peschel sees support for the share price getting stronger

The share price of the Botswana Telecommunications Corporation (BTC) rose to a seven-year high this week, driven by robust financial results and increasing investor confidence in the strategies being implemented to boost the business.

BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and their tendency for impulse trading behaviour, combined with the fact that BTC shares are restricted to citizens, has affected share price growth over the years.

BTC shares traded below the listing price of P1 from roughly December 2019 to January 2024, dipping to a record low of 60 thebe in November 2020.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

Have a Story? Send Us a tip
arrow up