BTCL shares reach four-year high
Friday, June 28, 2024 | 600 Views |
Creating value: BTCL MD, Anthony Masunga PIC BTCL FACEBOOK
The BTCL, which has one of highest concentrations of retail investors on the BSE, previously reached today's high of P1.02 on December 16, 2019.
In today's trade, 30,200 shares traded hands for a combined value of P30,804 over three transactions.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...