Week 6 Trading Update (4th to 8th February 2019)
Economy

The first week of the month of February started on a high but then turned bearish for the remainder of the week.

Bond Activity

During the week, bonds of total face value of K172,280,000 were transacted in 22 trades, yielding a market value sales of K116,587,000.

Companies Traded

The following companies had their shares traded during the week

  • Airtel
  • CEC Zambia
  • PUMA
  • Standard Chartered Bank
  • ZCCM
  • Zambeef
  • CEC Africa on the Quoted Tier

4th February

  • 12 trades recorded on the day
  • 103,456 shares traded on the LuSE Main Tier today, of which ZANACO contributed 97% to the total shares traded, trading 100,000 shares at a share price of at K0.80 per share.
  • Zanaco recorded a loss of K0.04.
  • Trading activity was also recorded in CEC Zambia, Standard Chartered Bank Plc, Zambeef and ZCCM IH.
  • A total turnover of K90,378 (USD7,519) was generated on the LuSE today, of which ZANACO contributed 89%.
  • TheLuSE ASI closed at 5,677.21 points, down 0.24% from the previous close of 5,691.10 points. Year-to-date, the LUSE ALSI is up 8.17% in local currency terms, & up 8.35% in USD currency terms

 

5th February

  • 12 trades recorded on the day
  • 6,350 shares were transacted, yielding a market turnover of K10,221.
  • Share price gain of K0.02 was posted in Zambrew.
  • Trading activity was also recorded in CEC Zambia and CEC Africa on the quoted tier.
  • The LuSE All Share Index (LASI) closed at 5,679.84 points up by 0.05% from its previous close of 5,677.21 points.

6th February

  • 9 trades recorded on the day
  • The LuSE ASI maintained the previous close of 5,679.84 points.
  • Year-to-date, the LUSE ALSI is up 8.22% in local currency terms, and up 8.40% in USD currency terms
  • 10,080 shares traded on the LuSE Main Tier today, of which CEC contributed 97% to the total shares traded, trading 5,136 shares at a share price of at K1.45 per share.
  • A total turnover of K8,596 was generated on the LuSE today, of which CEC contributed 97%
  • Trading activity was recorded in CEC Zambia and PUMA
  • 4,744 CCAF shares traded on the Quoted tier, generating a total turnover of K949.
  • The LuSE All Share Index (LASI) maintained its previous close of 5,679.84 points as there were no price movements.

7th February

  • 1 trade recorded on the day
  • 700 shares were transacted, yielding a market turnover of K8,400.
  • Trading activity was recorded in Zambian Breweries.
  • The LuSE All Share Index (LASI) maintained its previous close of 5,679.84 points as there were no price movements.

8th February

  • 5 trade recorded on the day
  • 13,026 shares were transacted, yielding a market turnover of K6,103.
  • A share price gain of K0.23 was posted in CECZ.
  • Trading activity was also recorded in Airtel and CEC Africa on the Quoted tier.
  • The LuSE All Share Index (LASI) closed at 5,679.84 points up by 1.58% from its previous close of 5,679.84 points.
  • The market closed on a capitalization of K62,661,256,704 including Shoprite Holdings and K28,422,050,724 excluding Shoprite Holdings.

Financial Insight Analysis

After opening the week on strong note picking up from where LuSE left off in the previous week, trading turned bearish for the remaining 4 days of the opening week. According to LuSE’s weekly transaction report, in the week ended 8th February 2019, a total of 133,612 shares were transacted in 39 trades, yielding a market turnover of K123,698.

With turnover at K123,698, Week 1 of February is the weakest trading week so far in 2019.

Share price gains of K0.02 and K0.23 were posted in Zambian Breweries and CEC Zambia respectively while Zanaco recorded a loss of K0.04. Investors will note that a special dividend was announced by CEC Zambia following the sale of 50% shares in their Liquid Telecom interest.

The LuSE All Share Index (LASI) closed at 5,769.70 points. The market closed on a capitalization of K62.661 billion including Shoprite Holdings and K28,4 billion excluding Shoprite Holdings.

Key Announcements

There were 3 notable announcements from LuSE during the week. The first was from First Quantum, which is due listed in Zambia and Canada on the Toronto Stock Exchange, where the Company’s President, Clive Newal announced the hosting of a conference call and webcast to discuss results of the company on Friday February 15, 2019.

The second came from Zambeef which announced the resignation of Yusuf Koya as Executive Director and Board Member of Zambeef effective 4th February 2019. Financial Insight published a piece that discusses the exit.

The third came Copperbelt Energy Plc who announced that the board had approved the payment of an interim dividend of US Cents 1.9 per ordinary share which translates to ZMW0.2267 per share using the Bank of Zambia mid-rate applicable on the declaration date (1st February).

ALL INFORMATION IN THIS WEEKLY BRIEF IS SOURCED FROM LUSE AND STOCKBROKERS ZAMBIA’S DAILY UPDATE

Sharing is caring!

(Visited 30 times, 1 visits today)
The information contained on this website is for general information purposes only. While we endeavour to keep the information as accurate as possible, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or subject companies or matters contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
 right-arrow   right-arrow