USE bets on MTN stock to excite investors despite low subscription in IPO

MTN customer care staff

MTN customer care staff attend to subscribers at a past expo. The telco has begun trading on the Uganda Securities Exchange. PHOTO | FILE 

MTN Uganda last week started trading its shares on the Uganda Securities Exchange (USE), gaining 2.5 percent following the listing of the stock.

Analysts say the regulator’s move to ease listing rules, saved MTN Uganda from failing to list shares on the exchange.