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Stock market weathers storms

THE Zambian capital markets remained relatively resilient last year, supported by positive macro-economic and financial market fundamentals, with total savings on the platform increasing by 8.05 percent to over K74.8 billion, from about K69.2 billion in 2021.
Despite the headwinds in the global economy, Zambia managed to record an improvement in the overall economy, and by quarter two last year, the country recorded growth of 3.5 percent.
Securities and Exchange Commission chief executive officer Philip Chitalu said a growing economy is good for the capital markets as it implies an increase in resources that can be ploughed back.
“As such, macro-economic stability is one of the preconditions that is essential to the development and performance of capital markets. In addition, macro-economic stability provides confidence to investors. Along these lines, there is a clear correlation between capital markets development and CLICK TO READ MORE