Business

LuSE in K35.7 million turnover

TRYNESS MBALE, Lusaka
THE Lusaka Stock Exchange (LuSE) has recorded an increase in the turnover of almost K35.7 million last week from  about K120,000 the previous week.
Overall trading activity occurred in 11 firms with a total of 11,181,248 shares transacted in 78 trades.
According to the LuSE weekly news update for the week ending February 27, 2015, there was trade activity in Madison Finance Services which accounted for a bulk of trading after registering K31million, followed by National Breweries which recorded K2, 469,488 and Lafarge registered K1, 077,024.
Among other firms which recorded trading were Zambian Breweries amounting to K522,102, Standard Chartered Bank Zambia at K364,354, while Zanaco and Copperbelt Energy Corporation (CEC) recoded K144,498 and K76,956, respectively.
Others were Zambeef Products which stood at K19,776, Bata at K17, 747 while Atel (formerly Celtel) registered K17, 219 and Real Estate Investment Zambia at K3,980.
“LuSE has recorded an increase in the turnover to of K35,713,144 last week compared to K121,144 the previous close,” the report reads.
However, Real Estate Investment Zambia and Zanaco registered a drop of 0.02 percentage points respectively.
Meanwhile, LuSE all share index closed at 6,149.86 points down by 0.68 percentage points in comparison to the previous close of 6,192.23 points.
There were three bond trades last week, the first trade being between Stanchart and Stanbic Nominees worth K58.5 million, while the second was among Stanchart and Stanchart Customers worth K100,000.
The third was between an Individual and Zanaco with a volume of K50, 000 at a trade price of K79.23.
In Nigeria, the Nigerian Stock Exchange, the all share index and market capitalisation appreciated by 2.45 percent to close on Friday at 30,103.81 and N10.045 trillion, respectively.

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