Lusaka Stock Exchange

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Lusaka Stock Exchange
Type Stock Exchange
Location Lusaka, Zambia,
Founded 21 February 1994

The Lusaka Stock Exchange (abbreviated to LuSE) is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.

History[edit]

The Lusaka Stock Exchange (LuSE) was established with preparatory technical assistance from the International Finance Corporation (IFC) and the World Bank in 1993. The Exchange opened on 21 February 1994. In its first two years of operations, the LuSE and Securities and Exchange Commission (SEC) were funded by the UNDP and Government of Zambia as a project for financial and capital market development in Zambia, under the multi-component private sector development program.

The formation of LuSE was part of the government’s economic reform program aimed at developing the financial and capital market in order to support and enhance private sector initiative. It was also expected to attract foreign portfolio investment through recognition of Zambia and the region as an emerging capital market with potentially high investment returns. Another important role of LuSE was to facilitate the divestiture of Government ownership in parastatals and realization of the objectives of creating a broad and wide shareholding ownership by the citizenry via a fair and transparent process.

The LuSE has made great strides since inception. It is now more than a platform for trading shares and bonds, as demonstrated by some companies from across the spectrum of industry that have used it to raise the public capital for expansion.

Market listings[edit]

as of October 2010[1]
Number Symbol Company Notes
1. AELZ African Explosives Zambia Explosives
2. BATA Zambia Bata Shoe Company Footwear
3. BATZ British American Tobacco Zambia Plc. Tobacco products
4. BPZAM BP Zambia Petroleum products
5. CCHZ Cavmont Capital Holdings Zambia Banking, Finance
6. CEC Copperbelt Energy Corporation Electricity
7. CELTEL Zain Mobile telephony
8. Lafarge Lafarge Cement Cement
9. FARM Farmers House Plc Real estate
10. FARMPREF Farmers House Preferred Real estate Preferred stock
11. INVESTRUST Investrust Bank Banking, Finance
12. NATBREW National Breweries Alcoholic beverages
13. PAMODZI Pamodzi Hotels Lodging
14. SCZ Standard Chartered Bank (Zambia) Plc. Finance, Banking
15. SHOPRITE Shoprite Holdings Supermarkets
16. ZAMBEEF Zambeef Products Plc. Livestock & Livestock products
17. ZAMEFA Metal Fabricators of Zambia Plc Metal fabrication, Steel
18. ZAMBREW Zambian Breweries Alcoholic beverages
19. ZCCM-IH ZCCM Investment Holdings Copper
20. ZANACO Zambia National Commercial Bank Banking, Finance
21. ZSUG Zambia Sugar Sugar
22. ZSLA Zambia Sugar Rights Issue Sugar

External links[edit]

See also[edit]

References[edit]