Having lived in Lusaka Zambia for many years, I know that many people would like to invest in the Lusaka Stock Exchange (LUSE).
There are some great Zambian companies like Zambeef, Real Estate Investments Zambia, Madison Insurance, Copperbelt Energy Corporation Plc, Zambia Sugar and ZCCM Holdings.
If you want to buy shares in fantastic companies like these plus more, read on…
This post will give a step by step guide on how to buy shares on the Lusaka Stock Exchange
1. 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 need proof of residence, identity, and a completed brokerage account opening form.
There several Zambian brokerage houses to chose from including:
- Madison Assets Management
- Securities Brokers Zambia
- Pangaea Securities
- Autus Securities
- Equity Capital Resources
- Finance Securities Zambia
You can find the full list of the Lusaka stock exchange approved brokers list on the LUSE website, HERE.
2. Send money to your brokerage account
Make a transfer from your bank to the account of your chosen brokerage house.
Let your broker know which shares you want and the price you are willing to pay for each share. You can get a list of tradable shares and the current price on the LUSE website.
It is really that simple.
I have mentioned countless times on my website that the stock market is the biggest wealth-building mechanism that the world has ever seen.
So take action today and invest in great companies to secure your financial future.