ASEA targets more stock exchange in Africa


ASEA-LOGO-300x146The African Securities Exchanges Association has said it intends to enhance the visibility of African exchanges by making information about them more accessible.

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“For decades, information about African Exchanges was not available to investors, we intend to change this and provide statistics of African Exchanges to investors to enable them make decisions,” the President, ASEA, Mr. Sunil Benimadhu, said in a statement.

According to the statement, as part of efforts to achieve the goal, ASEA has inaugurated a new website, which would make the process of accessing data on different African exchanges easier.

Among other things the site is expected to showcase the financial data and news of member exchanges.

“The re-design of the ASEA website is a commitment by the Association to enhance visibility of African exchanges,” Benimadhu said.

On the quality of the site, he said it was developed and designed in collaboration with I-Net (Pty) Limited, a financial data vendor specialised in the Southern African markets.

The Executive Head, Content Production, I-Net, Mr. Stephen Phillips, said the firm, which offers local and global instruments to enable investors to perform complex analyses of company information, explained how the site would function.

He said, “The website was completely re-designed, allowing us to incorporate more information, charts, statistics and news into it. Stock exchange news and statistics are provided by the ASEA members themselves, whilst I-Net hosts and provides key index data including tables and charts.”

According to the statement, up to three years’ worth of data can be displayed on the website and up to three indices can be compared against each other on a single chart.

It also said the daily closing prices of the member’s major indices together with the percentage change for the day, among other things, would be found on the website.

ASEA expects the revamped website to lead to greater visibility for its Members in Africa and beyond.

ASEA, a non-profit company limited by guarantee that was found in Kenya on the 13th of November 1993, with the aim of establishing systematic mutual cooperation and exchange of information among its members.

Its vision is to enable African Securities Exchanges be key drivers of economic and societal transformation in Africa.




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Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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