The Douala Stock Exchange applies spot market principles, It is centralized and driven by orders. At the beginning, shares will be traded one day a week (Wednesday), and later, three days per week (Monday, Wednesday and Friday). Quotation (listing) of shares is done by ‘fixing' At the beginning of its activities, the Douala Stock Exchange will comprise 3 divisions, for shares, for bonds and for unlisted securities.
This division is for shares voluntarily introduced onto the market, either by the issue of new shares or by the transfer of a part of the companies' capital to public ownership. This division consists of two subdivisions :
- Large companies
- Small and medium-sized companies
- Officially listed loan notes and debt instruments
This division consists of ordinary bonds, again divided onto 2 divisions :
- Bonds (private companies)
- o Government or Treasury bonds (or other public organisation)
This division of stocks and bonds of unlisted companies and negotiable government stocks and securities. The objective of this division is to ensure the efficiency and the security of government stocks and bonds (Zero coupon treasury bonds) instituted by Decree n° 94/611/PM of 30/12/1994 concerning commercial debt and BTP.
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