Business

Lusaka Securities witnesses reduced activity

TRYNESS TEMBO, Lusaka
LAST week, companies listed on the Lusaka Securities Exchange (LuSE) witnessed reduced market activity, which resulted in a decline in turnover of about K18.7 million.

The decline in overall turnover for last week entails that the local bourse witnessed reduced market activity with turnover reducing from over K24 million the previous week to about K6 million.

According to the LuSE weekly stock news, a total of 2,049,962 shares were transacted in 81 trades compared to a total of 5,057,822 shares transacted in 105 trades the previous week.
During the period under review, 12 companies actively participated in the activity, which was the same as the previous week.
“In the week ending September 8, 2017, the market recorded a turnover valued at K6,057,849 compared to turnover valued at K24,799,730 the previous week,” the report reads.
Of the total turnover, Zambeef Products accounted for a bulk of K7,340,748 followed by Madison Financial Services, which recorded K508,788 and Airtel at K117,355.
Other firms that participated but their turnover were below K100,000 were Copperbelt Energy Corporation (CEC), Puma, Lafarge, Bata, Zambia Sugar, British American Tobacco of Zambia, Zanaco, Standard Chartered Zambia and Zambian Breweries.
On share price change, Zambeef Products and Madison Financial Services posted gains of K0.39 and K0.09, respectively, while losses were recorded in Airtel at K4.00 and CEC at K0.01.
Meanwhile, the LuSE all-share-index closed the week at 4,926.50 points, a decline of 1.49 percent from the previous close of 5,001.16 points.

 

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