Business

LuSE turn-over in steady increase

TRYNESS TEMBO, Lusaka
THE Lusaka Securities Exchange (LuSE) has recorded a third consecutive week increase in turn-over from about K13 million the previous week to over K15.6 million last week despite recording a drop in the number of shares transacted on the local bourse.
Last week, a total of 4,659,599 shares were transacted in 113 deals, resulting in a market turn-over of K15,618,021 compared to 6,666,092 shares transacted in 118 trades worth K13,418,673.
A total of 13 firms actively participated last week compared to 12 firms the previous week, according to the LuSE weekly news stock.
Of the total turn-over, Standard Chartered Zambia accounted the biggest chunk of K7,743,716 followed by Airtel, which stood at K6,130,670 and Metal Fabricators of Zambia at K800,000.
Other firms that participated are African Explosive Limited, Copperbelt Corporation Energy, Lafarge, Puma , Madison Financial Services, National Breweries, Zambian Breweries , Zambeef Products , Zanaco and Zambia Sugar.
On share price changes, African Explosive Limited posted the highest gain of K4.77 followed by Lafarge and Standard Chartered Zambia which both registered K0.10, Copperbelt Corporation Energy stood at K0.02 and Puma at K0.01 while Madison Financial Services recorded a loss of K0.02.
Meanwhile, the LuSE all-share index closed the week at 4,512.20 points, up by 1.73percent from the previous week’s close of 4,435.52 points.
During the week under review, bonds valued at K14,150,000 changed hands in three deals, yielding market value sales of K9,838,000 compared to bonds valued at K47, 287,000 which changed hands in eight deals, yielding market value sales of K34,699,000 the previous week .
On market capitalisation, LuSE closed at about K60 billion from K58.7 billion the previous week translating into a marginal increase.


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