Business

LuSE records rise

TRYNESS TEMBO, Lusaka
LAST week, the Lusaka Securities Exchange (LuSE) witnessed an improvement in the appetite by investors to participate on the local bourse, which resulted in an increase in turnover from about K2.5 million the previous week to over K5 million.

Out of 23 listed firms, 11 actively participated last week compared to 13 companies the previous week.
According to the LuSE weekly news stock, out of the total turnover, Standard Chartered Zambia accounted for a bulk of K4,958,435, followed by Copperbelt Energy Corporation, which recorded K194,319, and Lafarge at K122,959.
Other firms that participated are Zambia Sugar, Airtel, Zambeef Products, Zanaco, Metal Fabricators of Zambia, Puma, African Explosives Limited Zambia, Madison Financial Services and British American Tobacco.
“Last week, a total of 2,748,345 shares worth K5,368,894 were transacted in 79 trades compared to a total of 2,103,168 shares worth K2,578,957 that were transacted in 99 trades the previous week,” the report reads.
On share price changes, gains of K0.02, K0.49 and K0.45 were posted in African Explosive Limited Zambia, Zambeef Products and Zambia Sugar, respectively.
Meanwhile, the LuSE all share-index closed at 4,761.11 points, a gain of 1.49 percent from the previous close of 4,691.35 points.
During the week under review, bonds valued at K97,147,000 changed hands in 13 deals, yielding market value sales of K77,085,000 compared to bonds valued at K235,124,000, which changed hands in 18 deals, yielding market value sales of K140,688,000 the previous week.
On market capitalisation, the local bourse closed at about K60 billion translating into an increase from K59.7 billion the previous week.

 

Tender

Facebook Feed

Ad1