A 10 Year (2006-2015) Performance Analysis of the Douala Stock Exchange Market

11 Pages Posted: 27 Mar 2016 Last revised: 5 Apr 2016

See all articles by Backe Itoe

Backe Itoe

University of Buea - Finance

Tasoh Toh

Independent; University of Buea - Finance

Mache Guilaine Eleonore

Pan-African Institute for Development (PAID) - West Africa (PAID-WA)

Date Written: March 26, 2016

Abstract

This study evaluates the performance of Douala stock exchange market from 2006 to 2015. The 10 years study period permitted us to use a one factor index model (regression technique). The result showed that the Douala stock exchange market began to contribute positively to the economic growth of Cameroon after the introduction of the government Treasury bond in 2010. We acknowledged that the government of Cameroon should take bond issuing an ongoing process in order to achieve her operation 2035 dreams. In addition to this, both government and management authority of the Douala stock exchange market should enhance strategies to increase the number of listed companies. We believe that if these strategies are put in place and are successful, Douala stock exchange market performance will further improve over time. Yearly average exchange rate were used to convert data that were collected from sources in different currency to a single unit (USA dollar). This eliminated the main limitation of the study.

Keywords: [coStock exchange market, Gross domestic product, market capitalization, stock market performance, Cameroon]

JEL Classification: G29

Suggested Citation

Itoe, Backe and Toh, Tasoh and Toh, Tasoh and Guilaine Eleonore, Mache, A 10 Year (2006-2015) Performance Analysis of the Douala Stock Exchange Market (March 26, 2016). Available at SSRN: https://ssrn.com/abstract=2755001 or http://dx.doi.org/10.2139/ssrn.2755001

Backe Itoe

University of Buea - Finance ( email )

United States

Tasoh Toh (Contact Author)

University of Buea - Finance ( email )

Independent ( email )

Mache Guilaine Eleonore

Pan-African Institute for Development (PAID) - West Africa (PAID-WA)

P.O. Box 133
Buea
Cameroon

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