Business

LuSE records reduced turnover

TRYNESS TEMBO, Lusaka
DESPITE an increase in the number of shares transacted last week, the Lusaka Securities Exchange (LuSE) turnover dropped from about K4 million the previous week to about K2.6 million .
Last week, a total of 2,103,168 shares were transacted on the local bourse compared to 1,463,470 shares the previous week.

According to the LuSE weekly news stock availed to the Daily Mail on Monday, the total turnover for Zanaco accounted for a bulk of K1,084,422, followed by Zambia Sugar, which registered K9,34,450 while Zambeef Products and Copperbelt Energy recorded K303,429 and K108,591, respectively.
Other firms which actively participated are Standard Chartered Zambia, Lafarge, Zambia Breweries, Real Estate Investment Zambia, Investrust, British American Tobacco of Zambia, African Explosive Limited Zambia (AELZ), National Breweries and Bata.
“Last week LuSE recorded a turnover worth K2,578,957 transacted in 99 trades compared to turnover worth K3,941,762 transacted in 80 trades the previous week,” the report reads.
On share market price, a gain was posted in Standard Chartered Zambia of K0.01 while losses of K0.02 and K0.14 occurred in AELZ and Bata, respectively.
Meanwhile, the LuSE all- share index closed at 4,691.35 points, up by 0.03 percentage point from the previous week’s close to 4,690.00 points.
During the week under review, bonds valued at K235,124,000 changed hands in 18 deals, yielding market value sales of K140,688,000 compared to bonds valued at K28,893,000 which changed hands in two deals, yielding market value sales of K21,785,000.
On capitalisation, the local bourse closed last week at K59.73 billion translating into a marginal gain from K59.72 billion.

 

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