Business

Firms on LuSE shine

TRYNESS TEMBO, Lusaka
COMPANIES listed on the Lusaka Securities Exchange (LuSE) closed last month on a positive note, up by over K100 million from October due to increased investor appetite.
The local bourse posted a turnover valued at over K125 million from about K22 million the previous month.
Out of the 23 listed companies, 18 firms actively participated on the local bourse in November, according to LuSE Monthly News Flash.
“In November, 571 trades were recorded with a total of 76,268,285 shares transacted on the equities market, resulting in a market turnover of K125,404, 419.
“This included trading activity in CEC Africa (CCAF) on the quoted tier [A company that has registered its issued equity securities with the Securities and Exchange Commission and will automatically be quoted on LuSE although it has not met the requirements to be listed],” the report reads.
The results are in comparison with 533 trades recorded in October with a total of 6,206,826 shares transacted on the equities market, resulting in a market turnover of K22,479,639.
Of the total turnover, Copperbelt Energy Corporation (CEC) recorded a bulk of above K103.6 million, followed by Madison Financial Services, which registered almost K14.5 million. Standard Chartered Bank was at K1.1 million, while Zambia Sugar and Zambeef Products registered K2.8 million and K1.89 million respectively http://epaper.daily-mail.co.zm/

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