Business

LuSE in increased trade activity

TRYNESS TEMBO, Lusaka
THE Lusaka Securities Exchange (LuSE) witnessed increased trade activity in some listed firms last week, resulting in the turnover rising by over K12 million.

The local bourse recorded a rise in turnover of slightly over K13 million last week compared to K937,504 the previous week, which entails that there was increased market activity.

Of the turnover, Zambian Breweries was the highest contributor after posting a gain share price with over K8 million, while the remaining was shared among the other nine listed firms.
According to LuSE weekly news flash, a total of 5,805,009 shares were transacted in 88 trades compared to 298,684 shares transacted in 46 trades the previous week.
“In the week ending August 18, 2017, LuSE recorded a market turnover of K13,017,391 compared to a market turnover of K937,504 in the week ending August 11, 2017,” the publication states.
Zambia Breweries accounted for the largest chunk amounting to K8,807,076 followed by Zanaco at K2,423,342, Puma at K941,241, Africa Explosives Limited Zambia stood at K361,712 while Standard Chartered Bank and Copperbelt Energy Corporation recorded K332,338 and K117,774, respectively.
Other firms which participated but recorded turnover below K100,000 were Prima Re, First Quantum Minerals, Madison Finance Services and Airtel.
On share price changes, a gain of K0.31 was posted in Zambia Breweries while Prima Re incurred a loss of K0.40.
Meanwhile, the LuSE-All-Share Index (LASI) closed the week at 4,786.34 points, a gain of 0.80 percentage points from the previous week’s close of 4,748.53 points.
The all-share index is weighted average of the securities listed on LuSE.
During the week under review, bonds valued at K260,654,000 changed hands in 34 deals, yielding market value sales of K172,969,000 compared to bonds valued at K267,758,000 which changed hands in 21 deals, yielding market value sales of K174,991,000 the previous week.
On capitalisation, LuSE closed at K60.1 billion, which translates into a marginal increase compared to K59.9 billion the previous week.

 

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