Business Headlines

LuSE shares sharply decline

TRYNESS TEMBO, Lusaka
THE number of shares transacted on the Lusaka Stock Exchange (LuSE) dwindled sharply affecting revenue to significantly decline to about K2 million last week from K98.6 million the previous week.
Last week, LuSE recorded trade in 12 firms with a total of 334,269 shares transacted in 71 trades, resulting in a market turnover of K2,049,489.
This is in comparison with 11 companies which participated on the local bourse with a total of 20,493,324 shares transacted in eight trades, resulting in a market turnover of K98, 602,194 , according to the LuSE weekly news update availed to the Daily Mail on Monday.
Of the total turnover, National Breweries accounted for a bulk of K1,556,529 followed by ZCCM-Investment Holdings which registered K114,304 while Zambia Breweries and Zanaco recorded K106,262 and K52,665 respectively .
Other firms which recorded trade active are First Quantum Minerals Zambia, Standard Charted Bank Zambia, Metal Fabricators of Zambia (ZAMEFA), Lafarge, Zambia Sugar, Madison Finance Services, Zambeef Products and Copperbelt Corporation Energy (CEC).
On share price changes , CEC, Zambeef Products and Zambia Sugar recorded gains of K0.01, K0.09 and K0.12 respectively while Lafarge and Madison Finance Services registered losses of K0.25 and K0.04 respectively and Zanaco recorded a decline of K0.02 and ZCCM-IH fall by K2.
Meanwhile, the LuSE all share-index closed the week at 4,400.37 points, a decline of 0.02 percentage point from the previous close of 4,401.43 points.
During the week under review, bonds valued at K614,400,000 changed hands in 14 transactions, yielding market value sales of K498,509,000 compared to bonds valued at K783,000 changed hands in four transactions, yielding market value sales of K687,000.
On the market capitalisation, LuSE closed at about K58.5 billion, translating to a marginal reduction from K58.8 billion the previous week.

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