Agri-business Business

LuSE posts increased turnover

TRYNESS TEMBO, Lusaka
THE Lusaka Stock Exchange (LuSE) witnessed an upsurge in turnover of about K600, 000 last week, posting over K2.7 million despite the same number of firms that participated on the local bourse from the previous week.
Last week, the local bourse recorded trade activity in 11 firms same as the previous week with Lafarge contributing a huge chunk of K2,451,292 despite posting a marginal loss in share price.
According to the LuSE weekly report, a total of 487,897 shares worth K2,747,541 were transacted in 79 trades in comparison with a total of 334,269 shares transacted in 71 trades, resulting in a market turnover of K2, 049,489.
Of the total turnover, Zambia Breweries contributed K153,245 while Copperbelt Energy Corporation (CEC) with British American Tobacco Zambia (BATZ) K43,295 and K31,300 respectively.
Other firms which recorded trade activity are Madison Finance Services, Zambeef Products, Zanaco, Puma, Standard Chartered Zambia, African Explosive Limited Zambia and Airtel.
On share price change, Madison Finance Services posted a gain of K0.03 and Zambeef Products at K0.06 while BATZ, CEC and Lafarge recording losses of K1.05, K0.01 and K0.50 respectively.
Meanwhile, the LuSE-all-share index closed the week at 4,321.77 points, down by 1.79 percent from the previous week’s close of 4,400.37 points.
During the week under review, bonds valued at about K37.1 million changed hands in six transactions, yielding market value sales of almost K23.2 million compared to bonds valued at K614.4 million changed hands in 14 transactions, yielding market value sales of K498.5milion.
On market capitalisation, the local bourse closed at
K58.1billion which translates to a marginal decline from the previous week’s K58.4 billion.

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