Business

LuSE records increase in turnover

TRYNESS TEMBO, Lusaka
THE Lusaka Securities Exchange (LuSE) witnessed a significant increase in turnover in listed companies last week, up four-fold to K24.5 million.
In comparative value terms, the turnover rose in excess of K19 million from the previous week’s turnover of about K5.4 million, due to an increase in the number of shares transacted and firms which participated.

LuSE indicates in its weekly stock news that out of the 23 listed firms, 17 actively participated with a total of 4,101,491 shares transacted in 103 trades compared to 11 companies previously, with 2,748,345 shares transacted in 79 trades.
“The local bourse last week recorded a market turnover amounting to K24,568,568 compared to K5,368,894 the previous week,” LuSE notes.
Of the total turnover, Zambian Breweries accounted for a bulk of K20,130,203 followed by Airtel which registered K2,211,936 and Investrust at K150,306.
Among firms which participated included Copperbelt Energy Corporation (CEC), Zanaco, Standard Chartered Zambia, Zambia Sugar, Real Estate Investment Zambia, Pamodzi, Lafarge and ZCCM-Investment Holdings.
Others were Puma, African Explosives Limited Zambia, Bata, First Quantum Minerals Zambia, Zambeef Products and Metal Fabricators of Zambia.
On share prices trend, CEC posted a gain of K0.0, while 5 losses of K0.30 and K0.40 were recorded in Bata and Zambeef Products respectively.
A share price is the price of a single share of a number of saleable stocks of a company, derivative or other financial asset. It is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
Meanwhile, the LuSE all-share index closed at 4,746.25 points, a decline of 0.31 percentage point from the previous close of 4,761.11 points.
During the week under review, bonds valued at K143,157,000 changed hands in 15 deals, yielding market value sales of K102,937,000 compared to bonds valued at K97,147,000 that changed hands in 13 deals, yielding market value sales of K77,085,000.

 

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