Business

LuSE sees week-on-week growth

TRYNESS TEMBO, Lusaka
THE Lusaka Securities Exchange (LuSE) last week recorded a significant increase in turnover, to over K13 million, from about K8.5 million the previous week, due to a substantial rise in the number of shares transacted on the local bourse.
Last week, the number of shares transacted doubled from 3,459,987 shares recorded in 105 deals the previous week to 6,666,092 shares transacted in 118 trades.
According to the LuSE weekly news stock, a total of 12 firms actively participated last week compared 16 firms the previous week.
“The week ended April 7, 2017, LuSE recorded a total of 6,666,092 shares compared to a market turnover of K13,418,673 the week ended March 31, 2017,” the report reads.
Of the total turnover, Standard Chartered Zambia accounted for a bulk of K4,562,460, followed by Puma which registered K2, 774,199 and Lafarge stood at K1, 357,129.
Other firms which were active are First Quantum Minerals, Real Estate Investment Zambia, African Explosives Limited Zambia, Airtel, Copperbelt Energy Corporation, Madison Finance Services, National Breweries and Zanaco.
During the week under review, share price gains of K0.10 and K0.07 were posted in First Quantum Minerals and Standard Chartered Zambia respectively, while losses were recorded in Puma at K0.01 and Real Estate Investment Zambia at K0.50.
Meanwhile, the LuSE all-share index closed the week at 4,435.52 points, up by 0.48 percentage point from the previous close of 4,414.49 points.
In the week under review, bonds valued at K47,287,000 changed hands in eight deals, yielding market value sales of K34, 699,000 compared to bonds valued at K165,342,000 changed hands in 13 transactions, yielding market value sales of K109, 994,000.
On market capitalisation, the local bourse closed at K58.7 billion compared to K58.6 billion the previous week.


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