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LuSE records more than K3m turnover

THE Lusaka Stock Exchange (LuSE) has recorded a sharp increase in the turnover to over K3.1 million last week from almost K2.3 million the previous week amid a marginal reduction in all share index closing at 5,994.04 points.
This was after 10 listed companies transacted in 54 trades to post over K3.1 million in almost 10.9 million shares.
According to LuSE weekly news update for April 30, 2015, trade activity was registered in Zanaco accounting for the bulk chunk of K2,429,453 followed by Standard Chartered Bank Zambia at K238,130 and Zambian Breweries at K222,000.
Among other firms which recorded trading were Lafarge amounting to K98,489, Copperbelt Energy Corporation (CEC) at K98,405 while Bata Shoe Company and Zambia Sugar recorded K10,350 and K2,250 respectively.
Others were Zambeef Products and Madison Finance both stood at K1,002 and Puma at K483.
“In the week ended April 30, overall trading activity occurred in 10 firms with a total of 10,885,376 shares were transacted in 54 trades resulting in a turnover of K3,101,565,” the report reads.
Generally, most firms’ witnessed stable share price while others recorded a drop in share price which resulted in an overall reduction in the LuSE all share index closing at 5,994.04 points, down by 0.03 percentage point compared to the previous close of 5,995.57 points.
Those that recorded a reduction in the all share index were CEC at 0.01 percentage points and Lafarge at 0.15 percentage points but, Puma registered an increase of K0.08.
This is comparison with 2,527,320 shares which were transacted in 76 trades resulting in a turnover of K2,340,603 during the week ending April 24.