BTC reaches seven-year high on BSE

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.