Crystal Telecom shares recorded their first trade at the Rwanda Stock Exchange (RSE) at Rwf145 each this morning, following its listing at the bourse.

The bell signalling the company’s first trading session at the bourse was rang at 9:15 this morning in the presence of Crystal Telecom’s chairman, Jack Kayonga, the Capital Markets executive director, Robert Mathu and the chief executive officer of the RSE, Celestin Rwabukumba.

The first buyer of the shares in the secondary market bought 1,000 shares at the mentioned price, allowing the seller earn a profit of Rwf40 per share since the Initial Public Offering (IPO) last month that was done at Rwf105 a share.

It is expected that more sales will have been made by the close of business today.

At the event, Kayonga told those present at the listing that now is the opportunity for those who missed out on buying the shares during the IPO to buy from the RSE.

Crystal Telecom, which holds 20 per cent of MTN Group telecom subsidiary, MTN Rwanda, was fully sold to the public last month when its parent firm, Crystal Ventures, offered its shares.