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LuSE ranks among Africa's most innovative exchanges

LuSE ranks among Africa's most innovative exchanges
By Kabanda Chulu
Wednesday September 03, 2008 [04:00]

LUSAKA Stock Exchange (LuSE) has been nominated as one of the most innovative African exchanges offering a huge potential and opportunities for investments. The African Investor (Ai), which is the leading international investment research group, announced that LuSE has been shortlisted for the Ai Index series awards to be held at the New York Stock Exchange on September 15, 2008.

Zain, formerly Celtel Zambia, has also been nominated as one of the best African Initial Public Offer (IPO), together with Safaricom of Kenya and others.

The summit would bring together leading investors and capital market specialists to look at current and potential opportunities for investment partnerships between United States-based and international investors with African companies.

The Africa Investor Index Series Awards are the only international Pan-African Awards that recognise institutional investors, stock exchanges, corporate governance, stock brokers and capital market regulators.

Interest in Africa Index Series, which tracks over US$600 billion for market capitalisation for Africa’s top performing 100 companies, continues to grow and is a testament to Africa’s phenomenal economic growth expected to back global trends by accelerating from 6.1 per cent in 2007 to 6.8 per cent in 2008.

In 2007 LuSE was voted the best performing market on the continent in terms of market return.

LuSE posted a return of 97 per cent in US dollar terms for the first half of 2007.
And last week, the Lusaka Stock Exchange recorded a turnover of K12.25 billion from 16,242,005 shares that were transacted in 136 trades.

Due to share price increases in five listed companies, the all share index increased by 0.55 per cent from 3,663.41 points to close at 3,683.56 points.

Labels: LUSE

posted by MrK @ 5:10 AM