Lusaka Stock Exchange
Stock Exchange | |
Location | Lusaka, Zambia, |
---|---|
Founded | 21 February 1994 |
Currency | Kwacha |
Market cap | ZMW 76.77 billion
(US$ 4.4 billion) (April 2023) |
Indices | LuSE ALL SHARE INDEX |
Website | https://luse.co.zm/ |
The Lusaka Securities Exchange (abbreviated to LuSE) is the principal
As of 14 April 2022, the LuSE has 25 listed companies with a market capitalisation of ZMW 71.69 billion (US$4.1 billion).[1][2]
History
The Lusaka Securities Exchange (LuSE) was established with preparatory technical assistance from the
The LuSE, since inception, has expanded beyond being 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.[6] Among its largest companies in 2022, were Copperbelt Energy Corporation, and Zambia Sugar.[7] In January 2022, it was reported that the LuSE topped the list of the Best performing exchanges in Africa with a 93.2% gain.[8] In March 2022, the LuSE launched the online GEM Portal, an initiative approved by the Securities and Exchange Commission of Zambia to provide start-ups, small and medium businesses with access to funding to assist the growth of new business ventures and rebuild businesses impacted by the COVID-19 pandemic.[9] In September 2022, the government of Zambia announced a zero withholding tax on interest from investment in green bonds on the local bourse to stimulate green investments.[10] At the end of that month, the Lusaka Securities Exchange All Share Index had strengthened 28% YTD in dollar terms of which 17% is attributed to third quarter in comparison to the S&P500 which had slid 25% amidst a global environment characterized by excessive inflation, soft commodity price dislocations and monetary policy tightening.[11]
Mission statement and mandate
To provide
The LuSE's core mandate is to provide a fair and efficient platform through transparent and equitable trading of the listed securities. LuSE contributes to wealth development, financial services and a platform for investment for foreign and local investors. It provides a platform where companies can raise long term capital and secondary trading of shares. LuSE also provides facilities for the listing of securities and provides users with an orderly, transparent and regulated platform to trade.[4]
Market listings
- As of October 2010 there were 22 Listings on the LuSE[12]
- As of April 2022 there were 25 Listings on the LuSE[1][13][14]
Number | Symbol | Company | Sector | ISIN Code | Notes |
---|---|---|---|---|---|
1. | AECI | African Explosives Zambia (Formerly AELZ) | Basic Materials | ZM0000000284 | Explosives
|
2. | ATEL | Airtel Networks (Formerly CELTEL) | Telecoms | ZM0000000342 | mobile money
|
3. | BATA | Zambia Bata Shoe Company
|
Consumer Goods | ZM0000000102 | Footwear |
4. | BATZ | British American Tobacco Zambia | Consumer Goods | ZM0000000029 | Tobacco products
|
5. | CCAF | CEC Africa Investment | Financials | ZM0000000516 | Investment, Electric Power |
6. | CECZ | Copperbelt Energy Corporation | Utilities | ZM0000000136 | Power Generation and Electric Power Transmission |
7. | CHIL | Lafarge Zambia (formerly Chilanga Cement) | Industrials | ZM0000000011 | Cement and cement clinker Production |
8. | FQMZ | First Quantum Minerals Zambia | Basic Materials | ZM0000000375 | Copper and Gold Mining |
9. | INVE | Investrust Bank | Financials | ZM0000000235 | Banking, Finance
|
10. | MAFS | Madison Financial Services Company | Financials | ZM0000000391 | Insurance, Finance |
11. | NATB | National Breweries | Consumer Goods | ZM0000000086 | Alcoholic beverages
|
12. | PMDZ | Pamodzi Hotels | Consumer Services | ZM0000000177 | Lodging, Hospitality and Leisure Services |
13. | PUMA | Puma Energy Zambia (formerly BP Zambia) | Energy | ZM0000000194 | Petroleum products
|
14. | REIZ | Real Estate Investments Zambia | Real Estate | ZM0000000045 | Real Estate Investment |
15. | SCBL | Standard Chartered Bank (Zambia)
|
Financials | ZM0000000094 | Banking
|
16. | SHOP | Shoprite Holdings
|
Consumer Goods | ZAE000012084 | Supermarket Retailing |
17. | ZABR | Zambian Breweries | Consumer Goods | ZM0000000078 | Alcoholic beverages
|
18 | ZCCM | ZCCM Investment Holdings
|
Basic Materials | ZM0000000037 | Mining Investments. Copper |
19. | ZMRE | Zambia Reinsurance | Financials | ZM0000000326 | Reinsurance Services |
20. | ZMBF | Zambeef Products | Consumer Goods | ZM0000000201 | Livestock & Livestock products |
21. | ZMFA | Metal Fabricators of Zambia (ZAMEFA) | Industrials | ZM0000000243 | Electric Power Cables, Engineering, Applied Electronics |
22 | ZNCO | Zambia National Commercial Bank | Financials | ZM0000000250 | Banking, Finance
|
23 | ZSUG | Zambia Sugar | Consumer Goods | ZM0000000052 | Sugar Production |
24. | ZFCO | Zambia Forestry and Forest Industries Corporation (ZAFFICO) | Basic Materials | ZM0000000524 | Forestry and Paper |
25. | IZWE | Izwe Loans Zambia (“IZWE”) | Financials | Finance | |
ZSLA | Zambia Sugar Rights Issue | No Longer Listed | |||
CCHZ | Cavmont Capital Holdings Zambia | No Longer Listed | |||
FARMPREF | Farmers House Preferred | No Longer Listed |
Alternative Market
In May 2016, the Lusaka Securities Exchange announced the introduction of the LuSE Alt-M, an alternative market for small and medium-sized enterprise to participate in.[15]
See also
- Economy of Zambia
- List of African stock exchanges
- List of stock exchanges
- Gold as an investment
- List of countries by copper production
- List of companies in Zambia
References
- ^ a b Lusaka Securities Exchange (17 April 2022). "Lusaka Securities Exchange Listed Companies". luse.co.zm. Retrieved 17 April 2022.
- ^ African 'XChanges (14 April 2022). "Lusaka Securities Exchange (LuSE) Live". afx.kwayisi.org. Retrieved 17 April 2022.
- ^ "Introduction to the Lusaka Stock Exchange". www.pangaeapartners.com. Retrieved 2023-03-02.
- ^ a b c "LuSE". www.luse.co.zm. Retrieved 2020-05-28.
- ^ https://allafrica.com/stories/200508160671.html
- ^ "LuSE". www.luse.co.zm. Retrieved 2020-05-28.
- ^ https://african.business/2022/04/finance-services/top-companies-southern-africa/
- ^ Lusaka Times (10 January 2022). "LuSE tops list of best performing African Stock Markets". lusakatimes.com. Retrieved 17 April 2022.
- ^ Times of Zambia (24 March 2022). "LuSE Launches Online GEM Portal". times.co.zm. Retrieved 17 April 2022.
- ^ "Zambia seeks to deepen capital markets with green bonds 2023 fiscal plan incentivizes issuances on local bourse". thebusinesstelegraph.com. 3 October 2022. Retrieved 8 October 2022.
- ^ "Rosy but thorny amidst global chaos Zambia still Africa's sole investment asset hotspot". thebusinesstelegraph.com. 6 October 2022. Retrieved 8 October 2022.
- ^ "LuSE". www.luse.co.zm. Retrieved 2017-08-16.
- ^ African Markets (17 April 2022). "LuSE Listed Companies". african-markets.com. Retrieved 17 April 2022.
- ^ PWC (30 September 2021). "Listed companies analysis report 2020" (PDF). pwc.com/zm/en/. Retrieved 19 April 2022.
- ^ African-Markets (May 2016). "LuSE Alternative Markets". african-markets.com. Retrieved 17 April 2022.