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Firms post reduced share price

A NUMBER of companies listed on the Lusaka Securities Exchange (LuSE) posted reduced share price, resulting in a notable drop in market capitalisation of about K18 million.The local bourse registered a market capitalisation, which is the total market value of all of a company’s outstanding shares, valued at about K62.86 billion in July from almost K62.88 billion in June.
Out of the 23 listed companies, six firms registered a reduction in share price, the price of a single share of a number of saleable stocks of a company, due to various reasons arising in the market.
The stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.