Business

LuSE sees rise in revenue

TRYNESS TEMBO, Lusaka
INCREASED number of trades, coupled with improved investor appetite on the Lusaka Securities Exchange (LuSE) last week, led to a rise in revenue from K6.7 million the previous week to over K8.5 million.
Last week, a total of 105 deals were traded on the local bourse compared to 96 trades the previous week.
According to the LuSE weekly stock news, the local bourse recorded a total of 3,459,987 shares worth K8,455,921 compared to a total of 3,150,853 shares transacted in 96 trades resulting in a market turnover of K7,618,811 the previous week.
Of the total turnover, Real Estate Investment Zambia accounted for a bulk of K3,703,379, followed by Standard Chartered Zambia, which registered K2,475,324, while Puma and British American Tobacco Zambia’s stood at K890,388 and K598,000 respectively .
Other firms which were active on LuSE are Airtel, Lafarge, Prima RE National Breweries, Zambia Sugar, Zambeef Products, Zanaco, Madison Finance, ZCCM-IH, Copperbelt Energy Corporation and First Quantum Minerals .
On share price changes, there was a minimal movement with only Standard Chartered Zambia posting a K0.02 gain.
Meanwhile, the LuSE all-share index closed the week at 4,414.49 points, up by 0.18 percentage point from the previous close of 4,406.47 points.
During the period under review, bonds valued K165,342,000 changed hands in 13 transactions, yielding market value sales of K109,994,000 compared to bonds valued about K27.4 million which changed hands in six transactions, yielding market value sales of K19,024,500 .
On market capitalisation, the local bourse closed at over K58.6 billion, translating to a marginal increase from about K58.5 billion the previous week.

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