Trading on JSE-listed telecoms firm Blue Label Telecoms on Wednesday signaled another tough day.
The stock plunged 7.16% at R5.45 pushing its market capitalisation lower to R5.2 billion.
The share price has been hard hit in the past few months. For more read: Blue Label Telecoms Shaves Off Close To R1 Billion In Market Value and Blue Label Telecoms Shares Are Tanking
The JSE Telecom index also continued its losses was trading slightly lower by 0.16% at 4,491.61 points.
While, Vodacom – South Africa’s biggest mobile phone operator – was slightly up 0.25% at R123.51 and rival MTN was also up 0.44% at R73.38.