Standard Chartered Bank has commended the Lusaka Stock Exchange(LuSE) for encouraging local Zambians to invest and work with the bank
Standard Chartered Bank Head of Cooperate Affairs, Luke Njovu says as of March 7, 2008, the stock share was at K650.00 having an eight times gain since the allocation of the shares four years ago.
Speaking in an interview with ZANIS in Lusaka today, Mr Njovu said bank subscribers have had an eight times gain over the past four years.
Mr. Njovu added that the gain has raised the investor confidence that the bank requires.
He further said trading locally with LuSE has been beneficial not only to the investors but also to the bank.
And Invest Trust Public Relations and Marketing Manager,Andre Makulu says sales of shares through LuSE have been impressive.
He said 25 percent shares and a one hundred billion bond that were offloaded for sale as of May last year through LuSE have all been taken up.
He further observed that through LuSE, Invest Trust last year won the Gata Bank Africa second best award for best performance in Africa.
Mr. Makulu has since encouraged corporate firms and individuals to invest in LuSE for good business.
yeah keep on making money and living in comfort whilst your country men are talking about how to et rid of water from their backyards…. luse should improve the services of their stock market so as to allow zedians abroad to invest also…….as a matter of fact they don’t answer emails at all, shame
Unless the LuSE increases its trade volumes, it’s relevance remains to be seen
LuSe is for fat cats and thieves.