LuSE and JSE Link UP Operations
Lusaka Stock Exchange (LuSE) general manager Joseph Chikolwa announced that LuSE and the Johannesburg Stock Exchange (JSE) will complete the link up in operations by next June. The LuSE-JSE link up would be implemented in phases.
Chikolwa said, “The first phase was successfully completed in the first half of 2004. Currently we are at Phase II, that requires funding for infrastructure, professional services and the actual set up,”
This project falls under the Committee of Southern Africa Development Community (SADC) stock exchanges. LuSE is eagerly looking forward to the link up in the first half of 2006.
But why the link up of operations? JSE is the largest stock exchange in southern Africa and LuSE is Africa’s best performing stock exchange. The synergy in operation will just blow you away…
Meanwhile five companies that operate with LuSE have already paid out dividend in the third quarter. These are Chilanga Cement, Shoprite Holdings, BP Zambia, British American Tobacco and Pamodzi Hotel. And the the index had a leap from 1,026.09 to 1,285.51 because of the continued rise in share prices in almost all companies on LuSE.
For example, in June Chilanga Cement Plc was K1,650 and closed at K1,800 in September, BP Zambia Plc moved from K200 to K310.00, Farmers House Plc moved from K1,100 to K1,500. This trend was noted in almost all the stocks.”
So if you want to do some investments why not try LuSE? And Zambia safari will be waiting for you to enjoy it. I wager you won’t be disappointed.
And don't forget to check Zambia Safari Blog
Chikolwa said, “The first phase was successfully completed in the first half of 2004. Currently we are at Phase II, that requires funding for infrastructure, professional services and the actual set up,”
This project falls under the Committee of Southern Africa Development Community (SADC) stock exchanges. LuSE is eagerly looking forward to the link up in the first half of 2006.
But why the link up of operations? JSE is the largest stock exchange in southern Africa and LuSE is Africa’s best performing stock exchange. The synergy in operation will just blow you away…
Meanwhile five companies that operate with LuSE have already paid out dividend in the third quarter. These are Chilanga Cement, Shoprite Holdings, BP Zambia, British American Tobacco and Pamodzi Hotel. And the the index had a leap from 1,026.09 to 1,285.51 because of the continued rise in share prices in almost all companies on LuSE.
For example, in June Chilanga Cement Plc was K1,650 and closed at K1,800 in September, BP Zambia Plc moved from K200 to K310.00, Farmers House Plc moved from K1,100 to K1,500. This trend was noted in almost all the stocks.”
So if you want to do some investments why not try LuSE? And Zambia safari will be waiting for you to enjoy it. I wager you won’t be disappointed.
And don't forget to check Zambia Safari Blog
posted by Enestle Zimba @ 10:35 AM
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