BTCL shares jump 30% on debut

BTCL became the first telecommunications firm to list on the BSE last week
BTCL became the first telecommunications firm to list on the BSE last week

Botswana Telecommunications Corporation Limited (BTCL) shares surged 30 percent to P1.30 on its first day of trading on the Botswana Stock Exchange on Friday.

The company listed 1.05 billion shares on the bourse marking the completion of the country’s first privatisation of a state-owned enterprise.

The shares listed at one pula per share but moved up to P1.30 on its debut after 31,000 shares changed hands in two transactions resulting in a turnover of P40,300.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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