Business

LuSE posts significant increase in turnover

TRYNESS TEMBO, Lusaka
THE Lusaka Stock Exchange (LuSE) last week witnessed significant increase in turnover of about K20 million, largely contributed by Copperbelt Energy Corporation (CEC) which accounted for almost K19 million.
This is in comparison to the previous week of a market turnover of K180, 976 where a total of 90,339 shares were transacted in 32 trades.
According to LuSE weekly update for April 8, 2016, notes that the increase was despite recording share price loses in three firms.
LuSE recorded share prices losses of K0.02, K4.53 and K0.03 in Atel formerly Celtel, Lafarge and Zambia Sugar respectively.
But, overall trading occurred in eight firms with a total of 29,686,737 shares were transacted in 110 trades, resulting in a market turnover of K19, 073,354.
Of the total turnover, the CEC accounted for a bulk of K18, 995,846, followed by Atel at K25, 125, Madison Finance Services at K20, 866 while Lafarge and Zanaco registered K13, 256 and K8, 217 respectively.
Others firms that participated were Puma, Zambian Breweries, Standard Chartered Zambia, Real Estate Investment Zambia and African Explosives Zambia.
Meanwhile, the LuSE-all-share index closed the week on 5,303.12 points, a decline of 4.04 percent from the previous week’s close of 5,526.48 points.
During the week under review, bonds valued at K39.85 million changed hands in five trades, yielding market value sales of K28.17million compared to the previous week which registered three trades in bonds valued at K112.36 million, yielding K7.98 million.
On market capitalisation, the local bourse last week closed at K62.51 billion including Shoprite Holding, which translates to a decrease from the previous week which registered market capitalisation of K63.43 billion.


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