Business

LuSE records huge drop in turnover

TRYNESS MBALE, Lusaka
THE Lusaka Stock Exchange (LuSE) has recorded a significant decrease in the turnover recorded last week dropping from K14.5 million the previous week to about K300,000 last week.
This is despite recording a marginal increase in the number of firms participating on the local bourse.
Last week, overall trading activity occurred in 11 listed firms with a total of 308,546 shares transacted in 73 trades resulting in a market turnover of K387,526.
In comparison with overall trading activity in 10 firms conducted the previous week, a total of 5,981,370 shares were transacted in 74 trades resulting in a market turnover of K14, 537,812.
According to LuSE weekly news update for June 5, 2015, there was trade activity in Copperbelt Energy Corporation which accounted for K117,607, followed by Puma, which registered K104,077, while Real Estate Investment Zambia and Lafarge were at K102,972 and K29,644 respectively.
Others were Zanaco, Zambia Sugar, Zambeef Products, Standard Chartered Bank Zambia, Pamodzi, Madison Finance Services, British American Tobacco Zambia and First Quantum Minerals.
However, Zambia Sugar registered a drop in share price of K1 last week.
Meanwhile, the LuSE all-share index closed at 5,845.57 points, down by 1.30 percent.
“The LuSE all-share index closed at 5,845.57 points, down by 1.30 percent compared, to its previous close of 5,922.62 points,” the statement reads.
The market capitalisation was recorded at K65,738,000,000 including Shoprite Holdings last week, compared to K65,054,000,000 the previous week.



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