luseThe Lusaka Stock Exchange (LuSE) has urged the Zambian public to take advantage of the fall in share price and invest for the future.

LuSE General Manager, Beatrice Nkanza, said the public should start buying shares now when the prices are down, adding that they might gain when shares prices start appreciating on the stock exchange.

Mrs Nkanza told ZANIS in an interview in Lusaka today that Zambians should start developing a culture of saving by buying shares and investing on the stock exchange.

She said investing on the stock exchange is one way of saving and ensuring that the future is safe, adding that there is need to use money wisely that will ensure maximum benefits.

She said parents should also encourage their children to start investing through the high school investment challenge that was introduced to high schools.

Mrs Nkanza said the high school challenge is aimed at encouraging school children develop an entrepreneurial spirit and investment culture at early age.

She said the project will also help lay a strong foundation for mobilizing savings in the Zambian economy and thus contribute to wealth creation and economic growth.

Meanwhile Mrs Nkanza said companies should continue trading and offloading shares on the stock exchange despite the global economic crisis.

She said the global meltdown should not stop companies from listing on the stock exchange but that business should be usual for them.

Mrs Nkanza commended Bata Shoe Company for finally listing on the Lusaka stock exchange, saying other companies should emulate shoe firm.

ZANIS/ENDS/GP/EB

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47 COMMENTS

  1. Sounds good. Which companies are listed, ba LT please with the details along with share prices. For Mrs Nkanza, Madam you need to invest a lot in educating people what stock exchange is and what share trading is. Most Zambians dont understand this.

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  2. Tell the banks to lend the Zambians money to buy the shares. The conditions be that an increase in tax only occurs when the prices of the shares go up.
    Where else are the Zambians going to get the money from?

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  3. This woman Ms Nkanza , is among the great daughters of the Zambian soil, that are intelligent , sincere and down to earth. The advice is timely and indeed very genuine. The culture of investing and saving prevents corruption and the spirit wanting to gain where one did not plant. Great thinking Madam .

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  4. Another Meridein Bank, Plizee give us a break. Every dollar counts after sweating for it. With zed one day someone will wake up and tell us the stock market is worthless. I remember how we lost alot of money in the Bank with our children’s baby bonds. And not even Govt could help us, our hard earned money just went into the bank just like that while Chaminuka farms is still alive and kicking. It will take more than Ms Nkanza’s word.

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  5. The only reliable way of saving is money in the mattress.
    The money can only be liquidized ngabambi basunda. :-j

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  6. Great advice Mrs Nkanda. I have personally read your porfile and how you brought luse to what it is today. Keep up the good work and continue your avdertising and promotiom of Luse as you have been doing.I will do the needful based on your expert advice.

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  7. Great stuff. What companies are listed on LUSE? Their share prices etc…..? LT please publish this information. Good way to go.

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  8. Jamaco u r crazy am watching england game. Wanisekesa but, liquidazing mane in the matress ni clasik no kutunda boi

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  9. Wat is this high school fimo fimo. Am interestd in the investment of my childs education home and a broad. Gve me more infor ba zambia. They say information is inside formation 2 be informed is 2 be transformed 2 be un informed is… fill in the blanks nite viva england hooligans

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  10. Good advice. Lets place our investments/savings in shares especially in Zambian companies. It will makes the Banks sit up because they pay low rates on deposits. But also listed companies should learn to pay higher dividends and be inclusive in their General Meetings. Besides stock prices are ultimately determined by expectations of the dividend payoff.

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  11. The few Zambians with excess cash (like some of the flashy the Zed lawyers) ought to be wise and buy cheap shares now. There can only be one direction for the LuSE index over the next 10-15 years. That is upward. This is free investment advice from Mrs Nkanza. Buy shares for the long term and you will use this for you kids college fees even if you may not be there.

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  12. There’s still alot of stuff that the Zambian public doesnt understand about the securities markets…..and the other problem’s that people on average dont earn enough money in order to even be able to invest.If people can barely afford to feed themselves,then I dont understand how they may be able to invest……that’s there’re public calls for the govt to review the minimum wage.If people earn enough to feed themselves and then something even remains,then they can invest or save the remainder.Money never just falls from heaven like manner.

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  13. Ladies and gentle men,How , indeed how yes repeatedly how do the the Zambians AFFORD to pay the traditional healers `s fee amounting in terms of ,cows/cattle /coats /millions etc yet fail to invest….

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  14. I don’t know about others but some of us are still licking wounds from the stock crash on Wall Street. All that is left is currently disappearing from hand to mouth.
    In short: naikakana.

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  15. Only people who understand what Investment means will venture into such .Most Zambians live hand to mouth. Why tell lies in here? such luxury exists in the few elite!!

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  16. #18 , gday,
    People usually do that due to the strong belief they have on those traditional healers.

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  17. Dear Ms TS, Thanks, good day too. So investment is about belief not about money. This is, well said. What is the role MCZ?ZMA…..

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  18. #23, gday to you again,
    read my posting on Animal Auction.
    Have a nice day.

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  19. More information is needed for example the regulating bodies and the rules and regulations on securities. In developed system share markets they print a lot of literature in form of prospectuses for the investor in order for that investor to have sound knowledge on their investement. Also the entry level costs for any single investor don’t really make a splash on the LUSE listed companies because the majority of investors are foreigners with deep pockets. I suggest some legislative framework that favours zambian share buyers. Plus it would not be a bad idea to have an Alternative investment market for zambian small companies .

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  20. Small companies share markets like the London Aim and Tokyo Aim have the most successful growth markets. Small companies make up 90% of zambian companies and they need investors too, we don’t always have invest in bigger companies. I would rather invest in a small company that will grow into a conglomerate and own 50% than invest in a company where i own 0.00001% of the shares. The people that make money from shares are the ones that get in first , the ones that come in later don’t make much look at google share price for example

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  21. #25 Slumdog Shalapungu i think we have enough regulatory framework in zambia as far as shares are concerned. buying shares in zambia is a very easy and strait forward busness.when it comes to investors on LUSE the majority are infact Zambians.most companies listed are Zambian companies with an employee share ownership scheme(ESOP) i therefore dont understand how foreign investors can be the Majority.may i However point out that what transpired during the ZAIN share launch has really discouraged the ordineryu zambian with little experience in this area.Most ordinery people got 5yr bank loans at 20% hoping to rip in the shortest time citing the CEC example unfortunately it dint happen that way

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  22. Investing Money on the stock market is one sure way of securing ones fortunes
    Capitalism At its Best!!!!!

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  23. This is good news.Zambian should be ecourage to invest in they future.Buying share is one sure way.However i do partly agree with slamgog that people need to be educated as to how the securities market work.This will help the make well informed decisions.

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  24. Get shares in Agric and you wont be disappointed. The companies in this one are zambeef and farmers house

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  25. And you dont have to spaend too much. shares are in the range of K400.00 to 20000.00 approx. I see it as the same way as leaving your cash in the bank, the intrest is very minimum in both cases, except when share markets are manipulated by the likes of Mardoff.

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  26. #27 Not true the majority of share owners on LUSE are foreigners. Take AELZ for example it’s the top company on LUSE but only 2% of its shares go to employee’s.Employee’s never get more than 5% of the share total because that would give them some voting say on the corporate governance. Don’t be fooled by Zambian names of company’s to having zambian ownership, Most of these companies some of us grew up thinking are Zambian are not zambian at all, they used to be Zambian until they were bought out .Companies on LUSE that I know for sure that foreigned owned on LUSE are ALEZ, BATZ, Pamodzi and probably 90% of them.

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  27. You invest your entire life savings into a company and the MD says something against the MMD, the next thing you see is the president lambasting your company to party cadres. Spare me the jokes. I will buy a wallet and keep my money there.

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  28. #27 Most of the companies on LUSE are not zambian they are international companies that are already owned by bigger companies take for example Zain, lafarge, pamodzi and Bpzam. Even companies with Zambian names liek Zambia Breweries are not zambian because they are owned by Sabmiller .The shares that are sold to employee’s are very little for example AELZ only partions 2% of of it’s whole shares to employee’s. Most shares on LUSE are owned by people that have never set foot in zambia or have any connection to it. They buy companies and appoint directors to run them, the nationalities of directors is usually a good indicator of ownership.

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  29. wonderful 2009. global financial crisis managed to compel the govt to reduce fuel prices. how I wish it was to occur evry time we complain of fuel prices.

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  30. LT educate us on the share thing.There is no simple explanation for a villager like me to get attracted to your marketing language.Which tubungwe?How much and how many shares can one obtain?
    How do i make a follow up of what my dividend could be in a specified marketing season?Down falls and reasons to support them et al.Ti phunziseni,,,,,Also create some room ya loan accescibility iyenela,since we are building chibumba cha ikonomi yathu.Chitukuko kusogo.Chipalamba ni m’mazlo

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  31. Hi All you Bloggers , this is the best time to buy shares cos the shares prices are low, You will make more many in the future when the shares prices.go up.

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  32. Another way to make money form is by buying shares from the listed companies, is the company does well you will be paid dividends.

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  33. Ba Honey and the rest of the good guys, hi! It was going to be good if LT had provided further details about listed companies. I mean, if LT can provide the soccer score board, i dont see how he can fail to give us a list of all companies under LUSE. However, there still needs much dissemination of information about LUSE activities as most people still dont understand the pros and cons of buying shares. Depending on the type of co., it can be a worth while investment…though it requires patience.

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  34. For all those who want more Info, just go to the stock exchange website.
    there are some pipo who will explain everything you need to know

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  35. hello!,I like your writing very much! proportion we be in contact more approximately your article on AOL? I require an expert on this space to unravel my problem. May be that is you! Looking forward to peer you.

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  36. I do not even know the way I ended up here, but I thought this publish was great. I do not realize who you might be however definitely you are going to a famous blogger should you aren’t already. Cheers!

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  37. saving in very cardinal.there is need in making a long term investment.i would love to have some shares

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