Business
Pan-African stock market index to be launched by FTSE and ASEA
Friday, March 23, 2012
Traders on the floor of the Nigerian Stock exchange. PHOTO/File
A new partnership has been formed that seeks to highlight the rise and fall of Africa’s top stocks for international investors.
A new pan-African stock market index being launched by the FTSE Group and the African Securities Exchanges Association (ASEA) will help to improve the visibility of African equities. The FTSE-ASEA Pan Africa Index due to be launched early in the second quarter of 2012, will initially carry stocks from 16 of the 22 ASEA member bourses. These range from the Moroccan, Nigerian and Zimbabwean exchanges down to Malawi, Botswana and Tanzania.
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