Business

Explosives firm posts increased turnover on LuSE

TRYNESS MBALE, Lusaka
THE Lusaka Stock Exchange (LuSE) recorded an increase in turnover to about K150, 000 last week with African Explosives Zambia (AELZ) accounting for a bulk of K93, 818 after a rising in trade activity in the firm.
This is in comparison with a turnover of about K110, 000 recorded the previous week.
Last week, over-trading activity occurred in eight firms with a total of 37,234 shares transacted in 32 trades, resulting a market turnover of K158, 294.
According to the LuSE weekly news update for October 23, 2015, this is in comparison with a total of 34,186 shares which were transacted in 17 trades, worth K118, 801 recorded the previous week.
Of the total trade, AELZ accounted for a huge chunk of K93,818, followed by ATEL (formerly Celtel),  which registered K26,160,  Standard Chartered Bank recorded K11,260 while Lafarge and Zanaco stood at K8,838 and K7,214 respectively.
Other firms that participated in trade activity were Puma and Copperbelt Energy Corporation (CEC), which recorded K4, 778 and K3, 001 respectively, Zambeef Products and Madison Finance Services at K618 and K486.
However, share price losses were recorded in Lafarge of K0.20 while Puma and Zanaco both recorded a drop of K0.01.
Meanwhile, the LuSE all share index closed the week at 5,775.19 points, down by 0.25 percentage point from the previous week’s close of 5,789.66.
During the week under review, bonds valued at K28 million were transacted in two trades, yielding market value sales of K21,006,850.       This is compared to bonds valued at K49,250,000 which were transacted in two trades, yielding market value of K34,124,210 the previous week.

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