how investment clubs can buy shares in zambia stock market

Having lived in Lusaka, Zambia, for many years, I know that many people would like to invest on the Lusaka Stocks Exchange (LUSE). They want to buy shares in great companies like Zambeef, Real Estate Investments Zambia (REIZ), Madison Insurance, Copperbelt Energy Corporation Plc (CEC), and Zambia Sugar and ZCCM Holdings Plc. But the problem is they don’t know how to go about buying shares on the LUSE. This post will give a step by step guide on how to buy shares in Zambia

Open an account with a stock brokerage company – The way you buy shares on the Lusaka Stock Exchange is by doing it through a broker. To open an account via a broker, you will needProof of Residence, Proof of Identity and Completed Brokerage Account Opening Form.

There a number of brokerage houses to chose from including Equity Capital Resources, Madison Asset Management Company Ltd, Stockbrokers Zambia Ltd, Pangeae  Securities Ltd, African Alliance securities Ltd, Intermarket Securities Ltd and Finance Securities Zambia Ltd.

You can find the full list of the lusaka stock exchange approved brokers list at the LUSE website (http://www.luse.co.zm/?page_id=33)

Send money to your brokerage account –  Make a transfer from your bank to the account of your chosen brokerage house.

Buy shares – Let your broker know which shares you want and the price you are willing to pay for each shares. You can get a list of tradable shares and the current price on the LUSE website ( http://www.luse.co.zm/)