The dsx is the sole agent licensed to trade in and to sell to the public, stock, shares, bonds and other investment products. The impact of riskbased bank rating on the stock price of banking companies registered in indonesia stock exchange. Introduction any researchers have tried to find out the macroeconomic determinants of stock. Assessment and way forward of the douala stock exchange in. Whether you say shares, equity, or stock, it all means the same thing. Central africa african financial markets initiative. Douala stock exchange how is douala stock exchange. This study evaluates the performance of douala stock exchange market. Its still being talked about today and is more relevant than before.
Financial stock market and economic growth in developing countries. Macroeconomic determinants of stock market development. The case of douala stock exchange in cameroon citeseerx. Douala stock exchange is reserved solely for isps authorised by the financial markets.
Being an owner holding a companys stock means that you are one of the. The douala stock exchange dsx is the stock exchange of cameroon. Cameroon decided to create its own exchange, the douala stock exchange dsx, whilst a separate stock exchange was established in gabon, the central african stock exchange bvmac. The cemac has a small and embryonic domestic capital markets. A stock exchange, securities exchange or bourse is a facility where stockbrokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments. The main objectives of the nigerian stock exchange. Douala stock exchange how is douala stock exchange abbreviated. As a result, while presentday capital markets have become more integrated and interlinked than ever before, different forms of stock market alliances have. Research has been made in this topic and found positive relationship between financial stock market development and economic growth, but in. The purpose of this chapter is to assess and present the importance of the douala stock exchange dsx in cameroon. The managing body of the exchange keeps control on the members. Financial stock market and economic growth in developing. A continental survey on stock exchanges and capital.
Business in cameroon the question came up as soon as the douala stock exchange began operations. This low index reflects the relative illiquidity and the overall. The douala stock exchange is a public limited company in the economic capital of cameroon. Ndedi 2009 defines a financial market as a place physical or virtual where.
World development indicators 2002, 2002 in malawi, for example, the reserve bank of malawi rbm manages the exchange. The first listing was societe des eaux minerales du cameroun semc, a subsidiary of the french company. This low index reflects the relative illiquidity and the overall growth of the dsx. However, the market was not formal as there did not exist any rules and regulations to govern stock. The author further asserts that the financial market is a place physical or virtual where people trade. Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Doc issues surrounding the douala stock exchange dsx. Indeed, alongside the creation of the bvmac, cameroon also founded a financial market in 1999, managed by the douala stock exchange. In 2003, the cemac countries undertook to create the securities exchange of central africa bvmac, a regional stock exchange in libreville. Alternatively, you can also download the pdf file directly to your computer, from where it can be opened using a pdf reader.
Evidence from companies listed on the douala stock exchange. The stock exchange is just a participating institution in the capital market albeit it is the most active of all the participants. Launched in 2001 and made the first trading on the 30th june 2006, the. The douala stock exchange dsx is located in cameroons capital and serves as. The activity of the stock exchange in the capital market is reflected by the stock exchange, which measures the activities on the capital market. You may be surprised to discover the number of stock markets blanketing the globe. The pdf file you selected should load here if your web browser has a pdf reader plugin installed for example, a recent version of adobe acrobat reader. Launched in 2001 and made the first trading on the 30th june 2006, the douala stock exchange is a public limited company with a board of. See who you know at douala stock exchange, leverage your professional network, and get hired. The douala stock exchange dsx in abbreviation is the official market for securities in. The origin of the market in douala began in a project sponsored by cemac having to do with creating stock exchanges in gabon and cameroon. Evidence from ten african stock markets investment analysts journal no. Functions of stock exchange main functions in the market.
With only three companies listed, the douala stock exchange dsx, has been much talked about over the last few months. Pdf the douala stock exchange dsx in cameroon and its. By encouraging companies to be listed on the douala stock exchange by 2020, the douala stock market could reach a market capitalisation of fcfa 3,000 billion in the debt securities obligations section. Douala stock exchange 2014 market report african securities. Cemac is the abbreviation for economic and monetary community of central africa the douala stock exchange was created in december 2001. The dsx is a limited liability company with board of directors and share capital.
Performance analysis of the douala stock exchange market. The author further asserts that the financial market is a place. Mse code opening price mk closing price mk % change. Under the microscope douala stock exchange business in. The role of the stock exchange in the economy finance. Ndedi and ijeoma, 2008 what about the douala stock exchange in cameroon. A number of experts who follow the central african market trends believe that the existence of both stock. Corporate social and environmental reporting in ohada. At the same time, cameroon established a national stock exchange, the douala stock exchange dsx, resulting in two stock. Dealing in shares and stocks started in the 1920s when it was the british colonial kenya colony 1920.
Request pdf assessment and way forward of the douala stock exchange in cameroon the purpose of this chapter is to assess and present the importance. Covid19 lockdown of the eswatini stock exchange ese as we continue to monitor the reports of the impact of the corona virus covid19, the eswatini stock exchange management has. Pdf financial stock market and economic growth in developing. A stock exchange or bourse is an exchange where stock brokers and traders can buy andor sell stocks also called shares, bonds, and other securities. Launched in 2001 and made the first trading on the 30th june 2006, the douala stock exchange is a public limited company with a board of directors and capital of 1. Stock exchange provides safety, security and equity justice in dealings as transactions are conducted as per well defined rules and regulations. Djoko hanantijo, venny febrinanda, harianto respati. Douala stock exchange dsx african securities exchanges. University of pretoria faculty of law legal aspects. The douala stock exchange is the official market for securities in cameroon. Due to various rules and regulations, stock exchange functions as the custodian of.