Commission predicts Investments boom
THE Securities and Exchange Commission (SEC) has predicted an investment boost in the financial markets following positive sentiments which are currently coming from investors.
This is after the positive financial markets performance during the first half of this year, driven by improved conditions.
Financial markets are about sentiments, according to the SEC Chief Executive Officer, Phillip Chitalu in an interview.
“Positive sentiments means that better performance in the financial services. So we hope that with the changes that are happening, we expect that we will have better perception which is more positive and result in more investments.
“Once you know that it is safer now to go somewhere, all these monies will start being invested and that will boost the performance of the financial market. We are recovering. The market going forward looks very positive,” Mr Chitalu said.
On the performance of the financial markets during the first half of this year, Mr Chitalu said both the equity and debt sides performed well.
He explained that the markets on the equity side was regaining strength.
On the debt side [bond side], Mr Chitalu indicated that it was far better performing during the first half of this year.
“We do monitor for a longer period of time like we have statistics for going back as far as 15 years ago where we get to compare the performance of equity market which is basically the companies listed on LuSE and the bonds side which is the secondary trading of the Government bonds
“So both performed quite well, off course the bond market was far better performing in the same period with respect to volumes and liquidity. The LuSE is actually recovering as is posted about a nine percent increase in terms of index that we track,” Mr Chitalu said.
By BUUMBA CHIMBULU
Author
