minimum investment in zambian stock exchnge by investment clubs in zambia
The minimum investment amount will depend on the current price of the stock you wish to purchase.
I believe most Zambian stockbrokers require that you purchase at least 100 shares of stock per transaction. You can see the current price of the various shares listed on the Lusaka Stock Exchange on the left side of the screen here: http://www.luse.co.zm/.
Also, note, that brokers charge commission and fees of 1.375% on the value of each transaction.
So, for example, if you would like to purchase shares of Lafarge Zambia (which are currently priced at K26.00 per share), your minimum investment would be calculated as follows:
K26.00 x 100 x 1.01375 = K2635.75
…………..
ZANAICA is
promoted and hosted by Twende, Twende, an on-demand
platform and Zambia’s first superapp, that also offers motorcycles (bodabodas) and tricycles (tuktuks),
on lease to own, hire purchase model. Twende promotes investment clubs as an
initiative to promote savings and investment culture in Zambia. To get free
investment club training, do not hesitate to contact
us on facebook at https://wa.me/+254103242604, or https://chat.whatsapp.com/HNosGG0OmdWHvXnFHVSLoh or email us at zanaica@twende.store
or visit Twende offices at Manda Hill, Plot 271/C.
Comments
Post a Comment