MARKET
INFORMATION
LUSAKA SECURITIES EXCHANGE
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Trading Hours |
Pre-Open |
10:00 |
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|
Open |
11:00 |
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|
Close |
14:00 |
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|
Time Zone |
GMT+2 |
Trading Days |
Monday – Friday |
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Trading Currency |
Zambian Kwacha (ZMW) |
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|
Trading ID/ Trading Requirements |
Local Custody Details |
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Settlement Cycle |
T+3 |
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|
Current Index Status |
MSCI Standalone No FTSE classification |
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|
Market Cap |
$2.1bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
| 2021 | $16k |
| 2022 | $4k |
MARKET
DYNAMICS
Stock Limit
Up/Down
+/-25%
____________________
from previous close
Tick
Size
+/-0.01
Board
Lot
100 shares (board lot market available)
Crosses
Has to be more than 2% of the issued number of securities, Or value greater than K500,000.
Official
Closing Price
VWAP
MARKET
REGULATIONS
Foreign Ownership Restriction
No restrictions. Foreigners can own up to 100% of all listed stocks.
Disclosure Rules
At the ownership of 15% of any listed company, a public disclosure is required. Once a 35% threshold is reached, a mandatory general offer is triggered.
Securities Lending
Not permitted
Short selling
Not permitted
Timeline for New ID Setup
One business day
MARKET
FEES & TAXES
| Market Fees | 0.50% (breakdown available) |
| Capital Gain Tax | None |
| Dividend Tax | 20% withholding tax for foreign investors |