Douala Stock Exchange market in place for businesses

The Douala Stock Exchange has done a good job in the country but plans to do better in terms of results and the regional economic potential.

Housed in Akwa, in the business district, the Douala Stock Exchange (DSX) is distinct with avenues for markets and affable staff to assist the individual to discover the world of subsidy even though it is on a national financial market in regeneration, after the consolidation period subsequent to the economic crisis.

The Douala Stock Exchange began operations in 2003 and since then a dozen domestic, foreign, private and public organizations have been listed at this establishment where more specialists are discovered.

The Douala Stock Exchange works via a market where extracts are made three times a week since February 2011, following the ‘fixing’ method. For the average person, this can be understood as a type of trading that is opposed to nonstop trading and thus serves the treatment of lower liquidity values. If volumes turns out irrelevant, it may be that potential users of the DSX are not yet well informed.

In the 2014 balance sheet of the company, Benedict Belibi, president of its board of directors, noted that he intended to "enter the stock market investment as done by investors and anchor the stock financing in the corporate managerial culture practicing in Cameroon."

With this tool, participating in the good public and private governance since it called transparency in management, DSX expects the same states as donors, local authorities, public and private companies.

If listed companies are few, they are those that are clearly distinguished by their performance. Since its IPO in 2006, the price performance of the Mineral Water Company of Cameroon tends to rise and the company distributes dividends. Forest and agricultural African Society of Cameroon found out that in June 2008, 82,000 buyers for the shares was separating one of its shareholders.

At the last evaluation, it presented capital profitability ratios estimated at 12% and 1.04% of dividend distribution. This is the influence other economic operators including SMEs, whose coming is desired by management, to be interested in this financing.