There was steady trading in Telecom Eireann shares today, the opening day of its official stock exchange listing. Confirmations of shareholdings were posted out to members of the public this morning and most people should have them by the end of the week. The shares closed slightly ahead at £3.71.

Brokers expect a lot of people to sell their shares in the next few days, which could drag down the share price in the short term. Analysts are warning shareholders not to panic if the price falls over the next few days as shares come on the market. They suggest investors should hold on for several days or weeks to secure a good price.