LUSE capitalization grows to K59 billion

Lusaka Stock Exchange
Lusaka Stock Exchange
The Lusaka Stock Exchange Limited (LuSE)’s market capitalization has grown to fifty nine billion kwacha (K59 billion) since its inception on 21st February, 1994.

Speaking during a media breakfast at Pamodzi Hotel this morning, LuSE Chairman, Friday Ndhlovu, says the total in the amount issued in corporate bonds since inception is over one trillion Kwacha (K9 trillion).

Mr. Ndhlovu has also revealed that twenty one companies have been listed on the stock market since 1994, ten of which are direct contributions from Zambia Privatization Trust Fund (ZPTF).

Mr Ndhlovu says it is therefore disappointing that there are some companies that hardly pay dividends or venture to withhold dividends from investors.

He says it is for this reason that LuSE has advised the market players and investors that with the revised Listing Rules, any breach will now attract a fine or penalty.

Mr. Ndhlovu adds that over the past 20 years, there has been a growing supply of long-term risk capital in the form of domestic investors, particularly institutional investors such as pension and assurance funds.

He has however praised government for its continued support towards the development of the capital market.