The Lusaka Securities Exchange (LuSE), Zambia’s principal stock exchange, has reported progress in broadening market access and deepening financial inclusion through digital innovation.
This follows the significant rate of adoption of the LuSE Mobile App, whose number of registered users increased to 46 166 in May, representing a 19,4% month-on-month increase from the 38 669 users recorded in April.
Nicholas Kabaso, CEO of LuSE, disclosed the uptake in the bourse’s May Market Performance report, made available late on Monday.
He said the strong uptake of the platform reflected the effectiveness of the exchange’s retail investor engagement strategy, which he said was anchored on providing real-time, mobile-optimised access to the capital market.
This includes simplifying account opening, portfolio management and trade execution processes, as well as enhancing market transparency through timely information dissemination and investor education resources.
“The continued expansion of the LuSE Mobile App user base is an encouraging indicator of growing retail investor interest in the capital market. Over time, increased digital participation is expected to contribute to a broader investor base, improved market depth and enhanced liquidity across listed securities.”
Kabaso said that as retail engagement continued to strengthen, the stock exchange remained well positioned to support inclusive participation in wealth creation and long-term capital formation.
“While equity market liquidity may continue to face headwinds amid a persistent net sell position, growing retail investor participation through the LuSE Mobile App presents a positive catalyst for deepening market activity over the medium term.”
Officially launched in 2021 and available on the Apple App Store and Google Play Store, the app is the official digital platform of LuSE, enabling users to trade equities, track the stock market and manage their investments directly from their smartphones.
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