Local Business

LuSE all-share index goes up

THE Lusaka Stock Exchange (LuSE) all-share index (LASI) closed last week at 6,218.14 points up by 1.09 percent, compared to the previous week’s close of 6, 151.30 points.
This is according to LuSE weekly news update for January 16, 2015.
Overall trading activity occurred in 12 listed firms, namely Copperbelt Energy Corporation (CEC), Zanaco, Zambia Sugar, Madison Financial Services and, Atel (formerly Celtel).
Other firms that registered trading activity were Zambian Breweries, ZCCM-IH, Standard Chartered Bank Zambia, Zambeef, Lafarge, African Explosives Zambia Plc (AELZ) and British American Tobacco Zambia (BATZ).
Last week, a total of 660,452 shares were transacted in 97 trades resulting in total turnover of K6,020,983.
There was a bond trade between Standard Nominees and Standard Chartered Bank plc with a volume of K3,775,000 and a price of K93,986 last week.
Meanwhile, share prices on the JSE were seeking direction on Friday morning after the extreme volatility of the past few days.
According to News 24, the JSE initial intraday graph of the all-share index and the top 40-index, as well as other major indices, represented a volatile on Friday morning as profit taking took place in early trading before bargain hunting started again.
And Nigerian Stock Exchange (NSE) All Share Index and market capitalisation depreciated by 3.68 percent and 3.09 percent, respectively to close on Friday at 29,034.89 and N9.671 trillion respectively.

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