Business

LuSE registers increased turnover

TRYNESS MBALE, Lusaka
THE Lusaka Stock Exchange (LuSE) recorded a sharp increase in the turnover of almost K5.5 million last week from about K1.5 million the previous week due to the rise in the number of shares transacted on the local bourse.
Overall trading activity occurred in nine firms with a total of 2,194,108 shares transacted in 51 trades last week.
According to LuSE weekly news update for July 3, 2015, this is in comparison to a total of 692,822 shares transacted in 52 trades the previous week.
“LuSE recorded an increase in the turnover to K5,548,731 last week from K1, 555,099 the previous week,” the report reads.
The newsletter indicates that there was trade activity in Standard Chartered Bank Zambia, which accounted for a bulk of K3,449,146, followed by Zambian Breweries at K2,026,464.
Copperbelt Energy Corporation posted K52,220 while  Real Estate Investment Zambia and Bata registered K7,880 and K6,332 respectively.
Other firms which recorded trading were Airtel (formerly Celtel), Lafarge, Zambeef Products and Puma which posted share price gains of K0.03.
Meanwhile, the LuSE all-share index closed at 5,841.77 points, up by 0.06 percentage point compared to the previous week’s close of 5,838.12 points.
During the week under review, there were bonds valued at K50 million which changed hands in two trades, yielding market value sales worth K40,795,070 compared to bonds valued at K27, 525,000 which were transacted, resulting in market sales of almost K19.15 million.


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