BTCL shares jump 30% on debut

Tuesday, April 12, 2016

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.

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