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LuSE stock share drops

THE Lusaka Stock Exchange (LuSE) last week recorded a significant reduction in the number of shares transacted, registering a drop in turnover from over K3 million the previous week to almost K330,000.

A total of 155,524 shares worth K333,899 were transacted in 65 trades last week compared to a total of 1,137,134 shares transacted in 85 trades, resulting in a market turnover of K3,054,920 the previous week.

According to the LuSE weekly report for June 24, of the total turnover Madison, Finance Services accounted for K117, 276, followed by Real Estate Investment Zambia (REIZ), which recorded K68,376, while Copperbelt Energy Corporation (CEEC) and Zambian Breweries registered K59, 891 and K44, 392, respectively.

Other companies which recorded trade activity were African Explosives Limited Zambia, First Quantum Minerals Zambia, Lafarge, National Breweries, Standard Chartered Zambia, Zambeef Products, Zanaco and Zambia Sugar.

On the share price changes, in all the 23 listed firms, there was no change.

Meanwhile, the LuSE all-share index maintained the previous close of 4,780.22 points.

During the week under review, bonds valued at K29, 249,000 changed hands in 19 trades, yielding market value sales of K18,773,000.

This is in comparison with bonds valued at K52,795,000 which changed hands in seven trades, yielding market value sales of K34,212,000 the previous week.

On market capitalisation, the local bourse last week closed at about K60.4 billion maintaining the previous week close.

Source: The Daily Mail

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