Business

LuSE records K5 million turnover

TRYNESS TEMBO, Lusaka
THE Lusaka Securities Exchange (LuSE) closed last month on a positive note with turnover at almost K5 million from about K300,000 the previous week due to improved appetite from investors.


Increased number of shares transacted on the local bourse also contributed to the positive turnover.
Last week, a total of 1,466,990 shares were transacted in 54 trades compared to 275,859 shares in 34 deals the previous week, according to the LuSE weekly stock news.
Under the same period, nine firms participated on the locals bourse compared to 10 the previous week.
“The local bourse recorded a turnover worth K5,041,218 last week compared to K291, 747 the previous week,” the report reads.
Of the total turnover, Real Estate Investment Zambia (REIZ) accounted for a bulk of K2, 059,426,  followed by Standard Chartered Zambia which recorded K1,232,132 and National Breweries at K1,044,199.
Other firms that were active are Zanaco, Madison Finance Services, British American Tobacco of Zambia, First Quantum Minerals Zambia, Airtel and Copperbelt Energy Corporation (CEC).
On share price changes, REIZ posted a gain of K0.25 while losses were recorded in CEC, Madison Finance Service and Zanaco of K0.11, K0.06 and K0.01 respectively.
Meanwhile, the LuSE all-share index closed the week at 4,570.08 points, up by 0.15 percentage point.
During the week under review, bonds valued at K334, 825,000 changed hands in 15 deals, yielding market value sales of K235, 506,000 compared to bonds valued at about K67 million changed hands in 10 deals, yielding market value sales of K41.45 million.
On capitalisation, the market closed at K59.2 billion translating to a marginal increase from K59 billion the previous week.
 

Tender

Facebook Feed

Ad1