LuSE turn-over dwindles

DUE to the reduced number of trades and a drop in share prices in some registered firms on the Lusaka Stock Exchange (LuSE), the local bourse’s turn-over sharply dwindled to about K120,000 last week from over K3.2 million the previous week.
Overall trading activity occurred in seven firms with a total of 34,186 shares transacted in 17 trades, resulting in a market turn-over of K118, 801 last week.
According to LuSE weekly news update for October 16, 2015, this is in comparison to a total of 151,986 shares transacted in 68 trades, resulting in a turn-over worth K3,277,278 the previous week.
Last week, trade activity was registered in Zambian Breweries, which accounted for K69,186, followed by African Explosives Zambia Plc (AELZ), which recorded K26, 373 while Standard Chartered Bank Zambia and Copperbelt Energy Corporation (CEC) registered K12, 340 and K6,463, respectively.
Other firms that witnessed trade were British American Tobacco of Zambia (BATZ) at K1,295, Bata at K1,183 and Zanaco registered K1, 961.
However, share price losses were recorded in CEC and BATZ of K0.01 and K0.06, respectively.
Meanwhile, the LuSE All-Share Index closed at 5,789.66 points, down by 0.12 percentage point from the previous week’s close of 5,796.72 points.
During the week under review, bonds valued at K3, 740,000 changed ownership in two trades, yielding market value sales of K2,468,820 which was an under-subscription.
This is compared to bonds value at K49,250,000 were transacted in two trades, yielding market value sales of K34,124,210.

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