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Trustco Shares Surge 95% in 2023

Trustco Shares Surge 95% in 2023

In a stellar performance that has excited investors, Trustco Group Holdings Ltd (TTO) share price has almost doubled since the beginning of the year. Starting the year at 0.41 ZAR, TTO’s current share price stands at 0.80 ZAR, reflecting an impressive gain of 95.1%. Shareholders have every reason to be optimistic currently, given that the stock has accrued an impressive 45.45% in the past two weeks alone.

Over the last three months, TTO has been actively traded, with a total volume of 1.78 million shares changing hands in 182 deals. This level of activity, with an average of 28,204 traded shares per session, highlights the robust interest in Trustco’s shares. Notably, on July 3rd, TTO hit a trading volume high of 268,349 shares.

“The current uptick in Trustco’s share price coincides with Namibia’s positive economic outlook, a sign of the renewed confidence that the market and our investors have in our commitment to delivering value,” said Floors Abrahams, Group Financial Director of Trustco Group Holdings Ltd.

The performance of Trustco’s shares is not the only exciting opportunity for investors. The Trustco Domestic Investment Program (TDIP) has been offering investors a fantastic chance to grow their wealth. Launched on August 1, 2022, the TDIP comes with a program limit of N$150,000,000.00 and guaranteed returns that have been turning heads.
Investors in the TDIP can enjoy returns as high as 14.72% over a 60-month period, with a minimum investment amount of N$100,000.00, or multiples thereof. With TDIP’s popular high-yield structure, Trustco continues attracting investor capital to fund expansion of its lending programs.

The robust increase in the company’s stock price reflects the market’s confidence in Trustco’s growth strategy and asset portfolio. Despite global volatility, Trustco has proven resilient while delivering substantial shareholder upside in 2023 thus far.

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