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MultiChoice listing kicks off on high note

The share price surged as much as 21% on the fist day of trade.

MultiChoice Group shares started trading at R95.50 on Wednesday when the company listed and closed at R106.01. The pay-TV company’s listing on the Johannesburg Stock Exchange (JSE) yesterday makes it the first listing for the year. 

Michael Treherne, portfolio manager at Vestact Asset Management unpacks the listing and what’s driving share price with Classic Business Breakfast with Moneyweb. 

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