BTCL shares record slight recovery

Thursday, June 16, 2022 | 980 Views |

In the news: BTCL's headquarters in Gaborone known as Megaleng House PIC: KENNEDY RAMOKONE

The Botswana Telecommunications Corporation Limited (BTCL) is enjoying a rare period of growth in its share price, recently lifting off from a historic low of 65 thebe.

The telecomms group, the trading of whose shares is limited to citizens, plunged to the record low of 65 thebe at the beginning of May, continuing a general downtrend since it listed at P1.15 in 2016.

However, in the past month, BTCL’s share price has risen by 15% to 76 thebe, suggesting that investors are increasingly seeking out the counter.

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