Blue Label share price closes at its lowest since listing
Concerns about its associate Cell C continue to weigh on the group, with Blue Label stock down 13% so far this week
21 August 2019 - 18:34
The Blue Label Telecoms share price suffered more losses on Wednesday as concerns about its associate Cell C continue to weigh on the group.
The telecoms group closed 4.18% down on Wednesday to a record low of R2.98. This is Blue Label’s lowest close since the company listed in November 2007. So far this week, the stock is down about 13% putting its market capitalisation at R2.72bn...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.