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Lusaka Stock Exchange

LuSE turnover drops despite share increase

TRYNESS TEMBO, Lusaka
DESPITE recording an increase in the number of shares transacted on the Lusaka Stock Exchange (LuSE), the turnover has dropped for the second consecutive week.
Last week, the local bourse recorded a turnover of about K185, 377, from the previous week’s K 400,437, down from K837, 416 the third week of May.
According to the LuSE Weekly update for June 3, 2016, a total of 196,752 shares were transacted in 50 trades from 148,685 shares, which were transacted in 17 trades the previous week.
Of the total turnover, the Copperbelt Energy Corporation (CEC) accounted for K134,246, followed by Prima Re which stood at K25,000, while Lafarge and Zambian Breweries recorded K8,696 and K7,880, respectively.
Other firms which recorded trade activity are Madison Finance Services, Real Estate Investment Zambia, Standard Chartered Zambia, Zambeef Products and Cavmont Capital Holdings Zambia.
In terms of share price changes, most of the companies’ share values were unchanged, with Zambeef Products and Madison Finance Services posting losses of K0.35 and K0.02, respectively.
Meanwhile, the LuSE all share index closed the week at 4,943.07 points, a decline of 0.43 percentage point from the previous week’s close of 4,964.44 points.
During the week under review, bonds valued at K73.46 million changed hands in 14 trades, yielding market value sales of K56.66 million. This is in comparison with bonds valued at K7.45 million which changed hands in eight trades, yielding market value sales of about K5.2 million the previous week.