Stock Exchanges of Africa1

8/4/2019 Stock Exchanges of Africa1

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NeetuLiya

Riyas andAbraham


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A stock exchange is an entity that providesservices for stock brokers and traders totrade stocks, bonds, and other securities.

Stock exchanges also provide facilities forissue and redemption of securities and otherfinancial instruments, and capital events

including the payment of income anddividends.


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The Stock Exchange, Mumbai (BSE) and theNational Stock Exchange (NSE) are thecountry's two leading Exchanges.

There are 20 other regional Exchanges,connected via the Inter-Connected StockExchange (ICSE). The BSE and NSE allownationwide trading via their VSAT systems


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Bombay stock exchange is the oldest stockexchange in Asia with rich heritage

It spans over three centuries with 136 yearsof existence

BSE was established as the native share andstock brokers association in 1875


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As of June 2011, there are over 5,085 listedIndian companies and over 8,196 scrips onthe stock exchange

4th largest stock exchange in Asia andthe 8th largest in the world


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Session Timing

Beginning of the Day Session 8:00 - 9:00

Trading Session 9:15 15:30

End of Day Session 17:30


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In 1956, the BSE became the first stock exchangeto be recognized by the Indian Government underthe Securities Contracts Regulation Act.

The Bombay Stock Exchange developed the BSE

SENSEX in 1986, giving the BSE a means to measureoverall performance of the exchange.

In 2000 the BSE used this index to open itsderivatives market, trading SENSEX futures

contracts.


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DATE POINTS30 Oct20065 Dec 20066 July 2007

19 Sept 20076 Sept 20079 Oct 200715 Oct 200729 Oct 20078 Jan 200813 June 20086 Oct 200810 Oct 2008

13,024.2614,02815,005

+16,000+17,000+18,000+19,000+20,000+21,000

-15,200-11801.70-10527


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The launch of SENSEX in 1986 was laterfollowed up in January 1989 by introductionof BSE National Index

It comprised 100 stocks listed at five majorstock exchanges in India -Mumbai, Calcutta, Delhi, Ahmedabad andMadras


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Free float capitalization method

Base value of sensex is 100 (april 1,1979)

Base year (1978-79)

Current value


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BAJAJ AUTO LTD BHARATI AIRTEL LTD BHEL LTD CIPLA LTD COAL INDIA LTD DLF LTD

HDFC LTD HDFC BANK LTD HERO MOTOCORP LTD HINDALCO INDUSTRIES LTD HINDUSTAN UNILEVER LTD ICICI BANK LTD INFOSYS LTD ITC LTD JAIPRAKASH ASSOCIATES LTD JINDAL STEEL & POWER LTD LARSEN & TOUBRO LTD

MAHINDRA & MAHINDRA LTD MARUTI SUZUKI LTD NTPC LTD ONGC LTD RELIANCE INDUSTRIES LTD SBI STERLITE INDUSTRIES LTD SUN PHARMACEUTICAL INDUSTRIES

LTD TCS LTD TATA MOTORS LTD TATA POWER LTD TATA STEEL LTD

WIPRO LTD
http://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_&_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Larsen_&_Toubrohttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jindal_Steelhttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/Jaiprakash_Associateshttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/Hero_MotoCorphttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/DLF_Limitedhttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/Coal_India_Limitedhttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Autohttp://en.wikipedia.org/wiki/Bajaj_Auto


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It is the 9th largest stock exchange in theworld by market capitalization and largest inIndia by daily turnover and number of trades,for both equities and derivative trading

NSE has a market capitalization ofaround US$1.59 trillion and over 1,552listings as of December 2010


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The NSE's key index is the S&P CNX Nifty,known as the NSE NIFTY (National StockExchange Fifty), an index of fifty major stocksweighted by market capitalisation.


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The National Stock Exchange was establishedin New Bombay in November 1992 with apaid up capital of Rs.25 crores

The exchange is sponsored by IDBI and co-sponsored by DFTS, LIC, GIC commercialbanks and other financial institutions, that isSBI caps, SHCI and ILFS


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NSE started its operations in the debt marketin June 1994 and the equity market inNovember 1994


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Introduction of professionalism andnationwide access to all types of investors.

Automated screen based and ring lesstrading.

Anonymity of trading members tilltransactions are executed.


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Introduction of total transparency in thedealings, and

Flexibility in trading to the members


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corporate members is Rs.45 lakhs in cash

individuals is 30 lakhs in cash


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NSE's normal trading sessions are conductedfrom 9:15 am India Time to 3:30 pm IndiaExcept Saturdays, Sundays and OfficialHolidays declared by the Exchange


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Currently, NSE has the following majorsegments of the capital market:

Equity

Futures and Options

Retail Debt Market

Wholesale Debt Market

Currency futures

Mutual Fund Stocks lending and borrowing


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NSE has launched several stock indices,including:

S&P CNX Nifty(Standard & Poor's CRISIL NSEIndex)

CNX Nifty Junior CNX 100(= S&P CNX Nifty+ CNX Nifty Junior) S&P CNX 500(= CNX 100+ 400 major players

across 72 industries) CNX Midcap(introduced on 18 July 2005

replacing CNX Midcap 200)

http://www.nseindia.com/content/indices/ind_majorindices.htm
http://www.nseindia.com/content/indices/ind_majorindices.htmhttp://www.nseindia.com/content/indices/ind_majorindices.htmhttp://www.nseindia.com/content/indices/ind_majorindices.htmhttp://www.nseindia.com/content/indices/ind_majorindices.htm


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Nifty 50 is a value weighted index

The index started with a base value of 1000on November 3, 1995 and

is calculated using the free float method

which takes in account of marketcapitalization.


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Inter-connected Stock Exchange Ltd. (ISE) startedits operation in 1998[in Vashi, Mumbai.

It is a national-level stock exchange, providingtrading, clearing, settlement, risk management

and surveillance support to its trading members. It has 841 trading members, who are located in

18 cities.

These intermediaries are administratively

supported through the regional offices at Delhi,Kolkata, Patna, Ahmadabad, Coimbatore andNagpur, besides Mumbai.
http://en.wikipedia.org/wiki/Inter-connected_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/Inter-connected_Stock_Exchange_of_India


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The ISE is promoted by 12regional stockexchanges namely at Bangalore,Bhubaneswar, Chennai, Cochin, Coimbatore,Guwahati, Indore, Jaipur, Kanpur, Mangalore,

Magadh and Vadodara. The participating exchanges of ISE have

4,500 members and listed securities.

It is a stock exchange of stock exchanges,members of the stock exchanges beingtraders on the ISE


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A registered Member is entitled to executetrades and to clear and settle trades executedon his own account as well as on account ofhis clients in the Capital Markets Segment.

Membership of the Exchange is open tocorporate entities, individuals andpartnership firms who fulfil the eligibilitycriteria laid down by SEBI and ISE.


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The trading platform of ISE enables the'Indian companies to access equity capital,by providing a liquid and well-regulatedmarket.

Scrips which are already being traded onstock exchanges across India are traded onthe Exchange.

ISEs trading members in India trade on thescrips and provide liquidity and visibility tosuch scrips.


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The Cochin Stock Exchange Limited (CSE) is acapital stock market in Kochi.

Incorporated in 1978, it has now over

350 Indian companies listed.

CSBL a wholly owned subsidiary of CSE is amember of NSE and BSE

Under the control and supervision ofSecurities & Exchange Board of India (theSEBI)


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Objective - to consolidate the small,fragmented and less liquid markets into anational level integrated liquid market.

Trading hours historically used to begin late

in the afternoon enabling access to tradersfrom other regions of the state.

Base Minimum Capital required to be

maintained is Rs. 2 laks


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CSE has been playing a vital role in the economicdevelopment of the country in general,and Kerala in particular and striving hard to achievethe following goals:

Providing investors with high level ofliquidity whereby the cost and time involved in theentry into and exit from the market are minimized.

Bringing in high tech solutions and make alloperations absolutely transparent.

Building infrastructure for capital market byturning CSE into a financial super market.

Serve the investors of the region.

Professional stock broking and investmentmanagement.

Imparting Capital Market knowledge to allintermediaries on a continuous basis


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OTC Exchange Of India (OTCEI) also known as Over-the-Counter Exchange of India based in Mumbai, Maharashtra.

First exchange for small companies.

First screen based nationwide stock exchange in India.

It was set up to access high-technology enterprisingpromoters in raising finance for new product developmentin a cost effective manner and to provide transparent andefficient trading system to the investors.

OTCEI is promoted by the Unit Trust of India, the IndustrialCredit and Investment Corporation of India, the IndustrialDevelopment Bank of India, the Industrial FinanceCorporation of India and others and is a recognised stockexchange under the SCR Act.


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founded in 1990 under the Companies Act1956 and got recognized by the SecuritiesContracts Regulation Act, 1956 as a stockexchange

today has 115 listings

and has assisted in providing capital forenterprises that have gone on to buildsuccessful brands for themselves like VIPAdvanta, Sonora Tiles & Brilliant mineralwater, etc.


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Calcutta Stock Exchange (CSE) located at theLyons Range, Kolkata, India, was incorporatedin 1908 and is the second largest bourse inIndia

BSE has made a strategic investment inCalcutta Stock Exchange, acquiring 5% of itsshares.


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It followed the familiar outcry system forstock trading up until 1997, when it wasreplaced by an electronic (eTrading) systemknown as C-STAR (CSE Screen Based

Trading And Reporting)

The earliest record of dealings in securitiesin India is the East India Companys loansecurities.


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Two indices are in use:- CSE - 40 index

- CSE - 50 index

Total membership has risen to more than900, which contains several corporate andinstitutional members.

The number of companies listed on theExchange is more than 3,500.


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Located in Meerut is one of the wellknown regional stock exchange in India

Recognised by the Government and gotregistered under the Companies Act, 1956.

Along with 23 other renowned stock

exchange houses, Meerut Stock Exchangewasincorporated as one of the regional stockexchange lastly.


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Located in Pune city, Maharashtra, is a limitedcompany with wide network in several otherparts like in the Satara, Sangli, Solapur,Kolhapur, Ahmednagar, Aurangabad, Nasik

and Mumbai

Incorporated in the year 1982, was acompany limited by guarantee.

Currently, more than 300 companies areenlisted with Pune Stock Exchange


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In 1996, they converted their trading systemto a on line screen- based computerizedsystem, known as Versatile Engine forCentralized Trading and On-line Reporting or

Vector System.

It is in fact the first regional stock exchangewhich implemented the on line tradingsystem.


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The DelhiStockExchange (DSE) is located in NewDelhi, India.

It was incorporated on June 25, 1947.

The exchange is an amalgamation of Delhi Stock

and Share Brokers' Association Limited and theDelhi Stocks and Shares Exchange Limited.

It is India's fifth exchange.

The exchange is one of the premier Stock

Exchange in India. The Delhi Stock Exchange iswell connected to 50 cities with terminalsin North India.


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Delhi Stock Exchange has paired up withthe National Security Depository Limited (NSDL),and commenced trading in dematerialisedshares.

DSE initialised its Rs.125 crore Trade GuaranteeFund on July 27, 1998.

TGF guarantees all the transactions of the DSEinters through the stock exchange. If a member

fails to honour the settlement commitment, TGFundertakes to fulfil the commitment andcomplete all the settlement without disruption.


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Second oldest exchange of India located inthe city of Ahmedabad in the western part ofthe country. It is recognized by SecuritiesContract (Regulations) Act, 1956 as

permanent stock exchange.

It has adopted a Swastika in its logo which isone of the most auspicious symbolsof Hinduism depicting wealth and prosperity


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AFRICAN STOCK

EXCHANGES


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Africa is endowed with huge naturalresources and is emerging as the newdevelopment frontier of the 21st Century.

There are 29 exchanges in Africa,representing 38 nations' capital markets

21 of the 29 stock exchanges in Africa are

members of the African Securities ExchangesAssociation (ASEA)


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Africa has two regional stock exchanges: theBourse Rgionale des Valeurs Mobilires, orBRVM, located in Abidjan, Cote d'Ivoire; and

the Bourse Rgionale des Valeurs Mobiliresd'Afrique Centrale, or BVMAC, located inLibreville, Gabon.

The BRVM serves the countries of Benin, BurkinaFaso, Guinea Bissau, Cte d'Ivoire, Mali, Niger,

Senegal and Togo. the BVMAC serves the Central African Republic,

Tchad, Congo, Equatorial Guinea and Gabon.


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Bourse Rgionale des Valeurs MobiliresAbidjan, 1998, 39, BRVM*

Algeria -Bourse d'Alger Algiers 1997 3 SGBV

Botswana- Botswana Stock Exchange*Gaborone 1989 44 BSE

Cameroon- Douala Stock Exchange* Douala2001 2 DSX

Egypt- Egyptian Exchange* Cairo, Alexandria1883 EGX


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Cape Verde- Bolsa de Valores de CaboVerde* Mindelo BVC

Ghana- Ghana Stock Exchange* Accra 199028 GSE

Kenya Nairobi Stock Exchange* Nairobi 195450 NSE

Libya- Libyan Stock Market* Tripoli 20077LSM

Malawi- Malawi Stock Exchange* Blantyre1995 8 MSE


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Mauritius- Stock Exchange of Mauritius* PortLouis 1988 40 SEM Morocco- Casablanca Stock Exchange*

Casablanca 1929 81 Casa SE Mozambique- Bolsa de Valores de Moambique*

Maputo 1999 BVM Namibia- Namibia Stock Exchange* Windhoek

1992 NSX Nigeria- Abuja Securities and Commodities

Exchange Abuja 1998 ASCE Nigerian Stock Exchange* Lagos 1960 223 NSE Rwanda- Rwanda Stock Exchang Kigali 2005 4

RSE


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South Africa- Johannesburg Stock Exchange*Johannesburg 1887 410 JSE

Sudan- Khartoum Stock Exchange*Khartoum KSE

Swaziland- Swaziland Stock Exchange*Mbaban 1990 10 SSX

Tanzania- Dar es Salaam Stock Exchange*Dar es Salaam 1998 11 DSE

Tunisia- Bourse des Valeurs Mobilires deTunis* Tunis 1969 56 BVMT


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Uganda- Uganda Securities Exchange*Kampala 1997 14 USE

Zambia- Agricultural CommoditiesExchange of Zambia Lusaka 2007 ZAMACE

Lusaka Stock Exchange* Lusaka 1994 16LuSE

Zimbabwe Zimbabwe Stock Exchange*Harare 1993 81 ZSE


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The Nairobi Stock Exchange(NSE)is theprincipal stock exchange of Kenya.

It began in 1954 as an oversees stockexchange while Kenya was still a Britishcolony with permission of the London StockExchange.

The NSE is a member of the African StockExchanges Association.


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Nairobi Stock Exchange is Africa's fourthlargest stock exchange in terms of tradingvolumes, and fifth in terms of marketcapitalization as a percentage of GDP.

The Exchange works in cooperation with theUganda Securities Exchange and the Dar esSalaam Stock Exchange, including the crosslisting of various equities.


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The exchange has pre-market sessions from09:00am to 09:30am

IST 10:00 am to 10:30 am and normal trading sessions from 09:30am to

03:00pm on all days of the week exceptSaturdays,

IST 10:30 am to 4 pm Sundays and holidays declared by the Exchange

in advance Trading is done through the Electronic Trading

System (ETS) which was commissioned in 2006


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Two indices are popularly used to measureperformance.

The NSE 20-Share Index has been in use

since 1964 and measures the performance of20 blue-chip companies with strongfundamentals and which have consistentlyreturned positive financial results.


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NSE 20 SHARE INDEX , 3400.68 AS OF 08September 2011

All Share Index 74.62

Equity Turnover 189,192,446.00

Market Capitalization 934.73

Total Deals 1,359.00

Total Share Traded 7,144,500.00


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Included in the Index are Mumias Sugar , Express Kenya, Rea Vipingo, Sasini Tea, CMC Holdings, Kenya Airways, Safaricom Nation Media Group, Barclays Bank Kenya, Equity Bank, Kenya Commercial Bank, Standard Chartered

Bank, Bamburi Cement, British American Tobacco, Kengen,Centum Investment Company, East African Breweries, EACables, Kenya Power & Lighting Company Ltd. and AthiRiver Mining


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In 2008, the Nairobi Stock Exchange All ShareIndex (NASI) was introduced as an alternativeindex.

Its measure is an overall indicator of market

performance. The Index incorporates all thetraded shares of the day.

Its attention is therefore on the overallmarket capitalization rather than the pricemovements of select counters


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There is however a third Index; the AIG 27Index that compares price movements of 27companies identified as relatively stable.

The rational behind the index compares to

that of the NSE 20-Share Index. But whereas the AIG is primarily defined by

the AIG company (a financial service companyand part of the AIG Group), the 20-shareIndex is from the NSE itself.


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johannesburg Stock Exchange Limited Type -Stock exchange Location-Johannesburg, South Africa Founded- November 8, 1887

Key people Russell M. Loubser (CEO) CurrencyRand

No. of listings 472 market capitalisation of US$801 billion. Indexes FTSE/JSE Website -http://www.jse.co.za


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JSE Limited (previously the JSE SecuritiesExchange and the Johannesburg StockExchange) is the largest stock exchange inAfrica.

The JSE is presently the 16th largest stockexchange worldwide. The JSE is planning to create a pan-African

exchange by initially enabling investors totrade in shares from Ghana, Namibia,Zimbabwe and Zambia. Later it intends toexpand this across the rest of Africa.


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Absa Group Limited -banking, Absolute HoldingsLimited -quartz, quartzite, sandstone

Acucap Properties Limited- industrial,commercial, residential property development

and property Capitec Bank Holdings Limited- banking;

consumer goods; Capitec Bank

Cargo Carriers Limited trans-Southern Africa

trucking; industrial trucking Cashbuild Limited wholesale and retail building

supplies


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The FTSE/JSE Africa Index Series was a resultof a joint venture between the JSE Limited(JSE) and FTSE, a world-leader in the creationand management of indices.

The FTSE/JSE Africa Index Series replaced theJSE Actuaries indices in June 2002.


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JSE TradElect The JSE's fully automated (electronic trading)

trading system is called JSE TradElect.

TradElect is operated under licence from theLondon Stock Exchange. The system wasmodified to suit the JSE's specific needs.

The JSE operates an order-driven, centalorder book trading system with opening,intra-day and closing auctions.


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Known as: AltX The Alternative Exchange is a stock exchange

that was founded as a division of the JSE inorder to accommodate small- and medium-

sized high growth companiesJSE's normal trading sessions are from

9:00am to 5:00pm on all weekdays exceptSaturdays, Sundays and holidays declared bythe exchange in advance

IST from 11 am to 7 pm


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The Ghana Stock Exchange (GSE) is theprincipal stock exchange of Ghana. Theexchange was incorporated in July 1989 withtrading commencing in 1990.

It currently has around 30 listed companiesand 2 corporate bonds. All types of securities can be listed. Criteria

for listing include capital adequacy,profitability, spread of shares, years ofexistence and management efficiency.

The GSE is located in Accra


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The exchange has pre-market sessions from 9:30am to

10:00am

IST from 1.30 pm to 2 pm

and normal trading sessions from 10:00am to12:00noon on all days of the week exceptSaturdays

IST from 2 pm to 4 pm Sundays and holidays declared by the

exchange in advance


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The manufacturing and brewing sectorscurrently dominate the exchange. A distantthird is the banking sector while other listedcompanies fall into the insurance, mining and

petroleum sectors. Most of the listedcompanies on the GSE are Ghanaian but thereare some multinationals

Market capitalization of $ 13.1 billion at the

end of December 2007, largest securitiesexchange in East and Central Africa.


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Starting from January 4, 2011, the GSEpublishes two indices, namely

the GSE Composite Index (GSE-CI) and theGSE Financial Stocks Index (GSE-FSI).

The base date for the GSE-CI and FCI isDecember 31, 2010 and the base index valueis 1000.


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The Khartoum Stock Exchange is the principalstock exchange of Sudan. It is located in Khartoum and its name is

abbreviated to KSE. The principal stock index of the KSE is theKhartoum Index. While the KSE has been

growing rapidly over the last few years andhas 53 listed companies worth around 5Billion dollars, the stock exchange is openonly one hour per day, Sunday throughThursday


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The Nigerian Stock Exchange (NSE) wasestablished in 1960. As of March 9, 2007, it has283 listed companies with a total marketcapitalisation of about N15 trillion ($125 billion).All listings are included in the only index

The Nigerian Stock Exchange All Shares Index.The Exchange maintains an All-Share Indexformulated in January 1984 (January 3, 1984 =100).

Trading days and times on the Lagos Exchangeare Monday to Friday, 11:00 to 13:00.

IST 2 pm to 4 pm


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Date : 09 September 2011

Market State : Closed

Index : 21,104.10

Deals : 3,677

Volume : 128,343,228

Value : N 1,118,350,451.44

Cap. :N 6,725,493,583,396.78

(US$39.67 billion.)


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GLAXOSMITHKLINE CONSUMER NIG. PLC FLOUR MILLS NIGERIA PLC

HONEYWELL FLOUR MILL PLC

NATIONAL SALT COMPANY NIGERIA PLC

NESTLE NIGERIA PLC

CAPITAL HOTEL PLC


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Egypt's Stock Exchange, now renamedEgyptian Exchange (EGX) and formerly knownas the Cairo and Alexandria Stock Exchange(CASE), comprises two exchanges, Cairo andAlexandria, both of which are governed bythe same board of directors and share thesame trading, clearing and settlementsystems.

In March 2009, the CASE 30 Index (made up

of the 30 largest companies being traded)changed its name to the EGX 30 Index


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The exchange has normal trading sessionsfrom 10.30am to 2.30pm, local time, on allweekdays, except Fridays, Saturdays andholidays declared by the exchange in

advance. IST from11:30 am to 3:30 pm

The start date of the index was on 2/1/1998with a base value of 1000 points

Current Value : 4,613.51


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The Egyptian stock exchange plummeted6.25% following the beginning of theRevolution of 2011 on 25 January.

The Egyptian Stock Exchange closed at the

end of trading on the 27th January after thebenchmark EGX 30 Index (EGX30) plunged 16percent that week amid the uprising.

The exchange reopened on Wednesday 23rdMarch after being closed for almost 8 weeks.The market fell by a further 8.9% onreopening


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Faisal Islamic Bank of Egypt ,National SocieteGenerale Bank , Commercial InternationalBank (Egypt), South Cairo & Giza Mills &Bakeries ,Senurita food Production ,Delta

Sugar ,Juhayna Food Industries Ismailia,National Food Industries


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The Lusaka Stock Exchange (abbreviated toLuSE) is the principal stock exchange ofZambia.

Founded in 1993, it is located in Lusaka.

The LuSE is a member of the African StockExchanges Association.

Listed companies : 22


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African Explosives Zambia- Explosives Zambia Bata Shoe Company- Footwear

British American Tobacco Zambia Plc. -Tobaccoproducts

BP Zambia- Petroleum products

Cavmont Capital Holdings Zambia- Banking,Finance

Copperbelt Energy Corporation- Electricity

Zain Mobile telephony

Lafarge Cement- Cement Farmers House Plc- Real estate


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RANKING COUNTRY RETURN 1 Egypt 155%

2 Zambia 116%

3 Uganda 81%

4 Kenya 43% 5 South Africa 30%

6 Malawi 29% 7 Cote dIvoire 25%

8 Namibia 25% 9 Zimbabwe 9%

10 Tunisia 8%


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south Africa's jse, with its 331 listed companies and total marketcapitalisation of us$801 billion.

the market capitalization of listed companies (us dollar) in Egypt waslast reported at 82494762436.93 in 2010

Ghana market capitalization of $ 13.1 billion at the end of December2007

Nigerian market, with 195 listings and a capitalisation of us$39.67billion.

Zambia with the market capitalisation of us$15.23 billion

Botswana's exchange has a market capitalisation of only us$4.18 billion. Zimbabwe with US$3.6 billion,


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The ASEA was incorporated in 1993 in theRepublic of Kenya

. ASEA's aim is to provide a formal framework forthe mutual co-operation of stock exchanges inthe African region.

Its functions include the exchange ofinformation and assistance in the development ofmember exchanges.

There are 29 exchanges in Africa, representing38 nations' capital markets. 21 of the 29 stockexchanges are members of ASEA

Stock Exchanges of Africa1

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