Week 3 was the second full trading week on the Lusaka Securities and Exchange. Although the LuSE remains largely undervalued, there were notable trades in the following companies.
- REIZ Plc
- CEC Plc
- CEC Africa Plc (quoted tier)
- Zambrew Plc
The following is a day by day summary of the week’s trades.
Monday 14th January
- The LuSE ASI maintained the previous close of 5,085.69 points. Year-to-date, the LUSE ALSI is down 3.10% in local currency terms, and down 2.94% in USD currency terms
- 23,265 shares traded on the LuSE Main Tier today, of which REIZ contributed 41% to the total shares traded, trading 9,636 shares at a share price of at K5.99 per share.
- A total turnover of K90,863 (USD7,559) was generated on the LuSE today, of which REIZ contributed 64%.
Tuesday 15th January
- The LuSE ASI maintained the previous close of 5,085.69 points. Year-to-date, the LUSE ALSI is down 3.10% in local currency terms, & down 3.10% in USD currency terms
- 680 shares traded on the LuSE Main Tier today, of which CEC contributed 100% to the total shares traded, trading at a share price of at K1.35 per share.
- A total turnover of K918 (USD76) was generated on the LuSE today, of which CEC contributed 100%.
Wednesday 16th January
- The LuSE ASI closed at 5,327.07 points, up 4.75% from the previous close of 5,085.69 points. Year-to-date, the LUSE ALSI is up 1.50% in local currency terms, & up 1.67% in USD currency terms
- 56,576 shares traded on the LuSE Main Tier today, of which REIZ contributed 59% to the total shares traded, trading 33,500 shares at a share price of at K5.99 per share.
- A total turnover of K256,033 (USD21,301) was generated on the LuSE today, of which REIZ contributed 78%
- 12,500 CCAF shares traded on the Quoted tier, generating a total of K2,500.
Thursday 17th January
- The LuSE ASI closed at 5,598.53 points, up 5.09% from the previous close of 5,327.07 points. Year-to-date, the LUSE ALSI is up 6.67% in local currency terms, & up 6.67% in USD currency terms
- 2,933 shares traded on the LuSE Main Tier today, of which CEC contributed 56% to the total shares traded, trading 1,628 shares at a share price of at K1.45 per share.
- A total turnover of K16,574 (USD1,377) was generated on the LuSE today, of which ZAMBREW contributed 85%.
- No trades took place on the Quoted tier today.
Friday 18th January
- The LuSE ASI closed at 5,593.14 points, down 0.10% from the previous close of 5,598.53 points. Year-to-date, the LUSE ALSI is up 6.57% in local currency terms, & up 6.66% in USD currency terms
- 52,689 shares traded on the LuSE Main Tier today, of which CEC contributed 85% to the total shares traded, trading 44,766 shares at a share price of at K1.45 per share.
- A total turnover of K86,567 (USD7,196) was generated on the LuSE today, of which CEC contributed 75%.
- Trading activity was also recorded in AELZ which contributed the remaining 25%
- Share price gain of K0.02 was posted in ZABR while SCBL recorded a loss of K0.02.
- No trades took place on the Quoted tier today.
FiZ Analysis
Although the second week of the 2019 trading year saw a surge in turnover of about 98% in kwacha turns (100% in dollar terms), this bull run quickly turned to a bear run in the 3rd week of the trading year. Turnover slumped to K 450 thousand (USD 37.5 thousand) in week three from a high of K3.1 million (USD 262.4 thousand) the previous week. The exchange rate showed some fluctuation starting the week at 12.02, then subsequently increasing in to 12.08 within 24 hours. However, it tapered back to 12.02 by the close of the week. This has a material impact on the value of the dollar turnover amount.
In terms of volume trades, REIZ Plc and CEC Plc traded the most shares in the week with REIZ topping the chart with 56,576 shares exchanging hands on the LuSE trading floor.
Special Announcements
First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) on 17th January 2019 announced its preliminary production and sales for the three months and year ended December 31, 2018, including record total copper production and sales for the year, exceeding the prior year by approximately 6% and 3%, respectively, and exceeding production guidance.
In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (ZCCM-IH Plc) announced the audited results of the company and its subsidiaries (collectively referred to as the Group) for the year ended 31 March 2018 on 16th January 2019. AGM has also been announced to take place on Monday 28th January 2019.
Financial Insight Zambia Limited has registered Designated Advisors with SEC and also holds shares in 5 listed companies on LuSE. Information presented here is available on securities advisors Stockbrokers Zambia and Lusaka Securities.