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LuSE records decline in turnover

TRYNESS TEMBO, Lusaka
THE Lusaka Stock Exchange (LuSE) recorded a significant decline in its turn-over from about K2.3 million posted the previous week to over K150, 000 last week due to share price losses registered in three firms.
Last week, Madison Finance Services, Real Estate Investment Zambia (REIZ) and Standard Chartered Bank recorded share price losses of K0.03, K0.15 and K0.02, respectively.
Overall trading activity occurred in 11 firms with a total of 63,205 shares transacted in 54 trades, yielding a market turn-over of K157,560 last week.
This is in comparison with a total of 3,307,217 shares transacted in 36 trades, yielding a market turn-over of K2,285,689 the previous week.
Of the total K157,560 turnover, National Breweries registered K47,398, followed by Standard Chartered Bank, which recorded K41, 411, while Copperbelt Energy Corporation (CEC) and Metal Fabricators of Zambia Limited were at K18,900 and K12,900, respectively.
Among other firms which recorded trading were Madison Services, REIZ, Standard Char ter ed Bank, African Explosives Zambia, British American Tobacco Zambia, Lafarge, National Breweries, Zambian Breweries and Zambia Sugar.
However, a share price gain of K0.01 was posted in CEC.
Meanwhile, the LuSE all-share index closed the week at 5,569.07 points, down by 0.11 percentage point, compared to the previous close of 5,575.15 points.
During the week under review, bonds valued at K33,540, 000 were transacted in five trades, yielding market value sales of K27,892,000.
This is in comparison with bonds valued at K59 million which were transacted in three trades, yielding market value sales of K53,362,000 the previous week.


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