Business

Stock Exchange opens 2016 second half positively

TRYNESS TEMBO, Lusaka
THE Lusaka Stock Exchange (LuSE) opened the second half of the year on a positive note, recording a turnover of more than K1.8 million although there was a reduction in the number of trades.
Last week, the local bourse recorded a total of 628, 202 shares worth K1,801,777 that were transacted in 44 trades.
This is in comparison with a total of 155,524 shares worth K333, 899 transacted in 65 trades, according to the LuSE weekly news update for July1.
Of the total turnover, Madison Financial Services accounted for K1,621,825 followed by Zambeef Products which recorded K87, 087 while Copperbelt Energy Corporation (CEC) and National Breweries posted K28,252 and K23, 946 respectively.
Other firms ,which recorded trading activities are, Zambian Breweries, Zanaco, Shoprite, Real Estate Investment Zambia (REIZ), Puma, Standard Chartered Bank Zambia, African Explosives Limited Zambia (AELZ), Lafarge and Atel (formerly Celtel).
On the share price changes, a gain of K0.06 was posted in Madison Financial Services while losses were recorded in Puma at K0.05, Standard Chartered Zambia at K0.01 and Zanaco at K0.05.
Meanwhile, the LuSE all share-index closed at 4,753.24 points, recording a decline of 0.56 percentage point from the previous week’s close of 4,780.22 points.

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