Business

LuSE posts 3-fold turnover drop

TRYNESS MBALE-TEMBO, Lusaka
OUT of 23 listed companies, only eight actively participated on the Lusaka Stock Exchange (LuSE) transacting in over 30 trades which resulted in a three-fold decline in turnover.
LuSE weekly update for December 18, 2015, the local bourse recorded a sharp decline in turnover from almost K900,000 the previous week to about K300,000 last week due to a reduction in the number of shares transacted.
Overall trading occurred in eight companies with a total of 165,647 shares transacted in 34 trades, yielding a market turnover of K312,421 in comparison to 175,851 shares which were transacted in 20 trades, resulting in a K906, 017 turnover.
Of the total transaction, Lafarge accounted for a bulk of K192,672, followed by Copperbelt Energy Corporation (CEC), which recorded K85,105, Standard Chartered Bank at K15,489, while Madson Finance and Zanaco registered K8,965 and K4,091, respectively.
Others were Zambeef who stood at K3,000, Real Estate Investment Zambia at K2,094, Zambia sugar at K985 and African Explosives Zambia at K21.
However, share price losses of K0.01, K0.04 and K0.59 were recorded in CEC, Lafarge and Zambeef, respectively, while Madison Finance posted a gain of K0.06.
Meanwhile, the LuSE-All-Share Index closed the week at 5,719.47 points down by 0.71 percentage point from the previous close of 5,760.25 points.


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