Week 14 Stock Market Update (1st to 5th April)
Economy

Investors continued to look at a larger number of securities for a second week in roll following the beginning of a new trading month . However, Turnover and number of shares traded fell by 89% and 67% respectively following the previous week’s peak of March 2019.

Bond Market Activity

During the week, bonds of total face value of K73,507,000 were transacted in 25 trades, yielding a market value sales of K44,530,000.

Monday 1st

  • 24,639 shares traded on the LuSE Main Tier today, of which CEC contributed 77% to the total shares traded, trading 19,000 shares at a share price of at K1.50 per share.
  • A total turnover of K41,113 (USD3,359) was generated on the LuSE today, of which CEC contributed 69%
  • 16,800 CEC Africa shares traded on the Quoted tier, generating a total turnover of K3,360.
  • The LuSE ASI closed at 5,599.46 points, down 0.01% from the previous close of 5,599.94 points.
  • Year-to-date, the LUSE ALSI is up 6.69% in local currency terms, & up 4.95% in USD currency terms

Tuesday 2nd

  • 81 trades recorded on the day
  • 9,794 shares were transacted, resulting in a market turnover of K26,346.
  • A share price loss of K2.48 was recorded in Airtel.
  • Trading activity was also recorded in BAT Zambia, CEC Zambia, PUMA, Standard Charted Bank and CEC Africa on the quoted tier.
  • The LuSE All Share Index (LASI) closed at 5,537.45 points down by 1.11% from its previous close of 5,599.46 points.
  • The market closed on a capitalization of K61,851,443,164 including Shoprite Holdings and K27,612,237,184 excluding Shoprite Holdings.

Wednesday 3rd

  • Mid-week recorded 42 trades
  • 78,494 shares were transacted, yielding a market turnover of K83,907.
  • Share price losses of K0.02 and K0.19 were recorded in CEC Zambia and Zambia Sugar.
  • Trading activity was also recorded in Airtel Zambia, Lafarge, Standard Chartered Bank, Zambeef and CEC Africa on the quoted tier.
  • The LuSE All Share Index (LASI) closed at 5,515.17 points down by 0.40% from its previous close of 5,537.45 points.
  • The market closed on a capitalization of K61,758,794,589 including Shoprite Holdings and K27,519,588,609 excluding Shoprite Holdings.

Thursday 4th

  • 31 trades recorded on the day
  • 42,156 shares were transacted, yielding a market turnover of K32,706.
  • A share price gain of K0.19 was recorded in Zambia Sugar while CEC Zambia and Standard Chartered Bank recorded losses of K0.03 and K0.02 respectively.
  • The LuSE All Share Index (LASI) closed at 5,509.89 points down by 0.10% from its previous close of 5,515.17 points.
  • The market closed on a capitalization of K61,736,853,535 including Shoprite Holdings and K27,497,647,555 excluding Shoprite Holdings

Friday 5th

  • The week closed with 26 trades recorded on the day
  • 19,950 shares were transacted, resulting in a market turnover of K32,402.
  • Share price losses of K0.02 and K0.01 were recorded in CEC and SCBL respectively.
  • Trading activity was also recorded in Airtel Zambia, BAT Zambia, Lafarge, PUMA, Zambeef and Zanaco Bank.
  • The LuSE All Share Index (LASI) closed at 5,498.07 points down by 0.21% from its previous close of 5,509.89 points.
  • The market closed on a capitalization of K61,687,683,723 including Shoprite Holdings and K27,448,477,743 excluding Shoprite Holdings

Financial Insight Market Analysis

Although April’s opening trading week was strong in terms of the number securities being traded, it was still 2 companies short of the peak of the final week of March trading. AEL Mining and Zamefa were the two companies that were missing on the shopping list in the first week of trading.

Source: Financial Insight Analystics

CEC Zambia was the highest traded security by volume (number of shares, 44 thousand) and turnover (K64 thousand). In second place was Lafarge, which held its AGM mid-week where the new CEO, Jimmy Khan was unveiled to investors.

Madison Financial services was at the tail end of trading. This security was last traded in the penultimate week of March.

The total trading volume and turnover for the opening week was 102,833 and K202,052 respectively. This represented an 89% and 67% reduction in turnover and number of shares traded when compared to the closing week of March. CEC Zambia had the lion’s share of transactions recording 107 trades during the week. Standard Chartered had the second highest number of trades though far placed with 31 trades being recorded.

By the close of the week, Standard Chartered had the highest market capitalisation (market cap’) at just over K4 billion, with Madison Financial Services at the tail end at K153 million.

Source: Financial Insight Analytics

In terms of price to book value (which indicates whether investors are paying a fair price for the stock and whether the company is overvalued), BAT Zambia had the highest ratio at 23.49. Its Price to Earnings ratio was also high at 20 indicative of an over price stocked due to the high valuation. BAT Zambia closed the week at K2 per share with a market capitalisation of K425 million.

Important Announcements for the Week

BATA SHOE COMPANY PLC ANNOUNCES CHANGES TO ITS MANAGING DIRECTOR

The Bata board announced the departure of Mr. Prosper Bachi as CEO. They further announced the appointment of Mr. Sin Kee Lee as the new CEO.

BATA DIVIDEND NOTICE

In accordance with the requirements of the Securities Act No 41 of 2016 and the Listing Rules of the Lusaka

Securities Exchange, notice is hereby given that the dividend shall be payable to shareholders registered in the

Company’s books at the close of business on Thursday 18th April 2019 payable on Tuesday 23rd April 2019.

The transfer books and register will be closed from Monday 15th April 2019 to Monday 18th April 2019, both

days inclusive.

PRIMA – POSTPONEMENT OF THE 14th ANNUAL GENERAL MEETING

Reference is made to the notice published on the 1st of March 2019 in which Prima Reinsurance Plc (“Prima re” or “the Company”) announced to its shareholders and the market that it would hold the 14th Annual General Meeting (“AGM”) on 26th March 2018. However, the company could not hold the AGM on the set date.

FIRST QUANTUM PROVIDES NOTICE OF FIRST QUARTER RESULTS RELEASE, ANNUAL MEETING OF SHAREHOLDERS AND FILING OF ANNUAL DISCLOSURE DOCUMENTS

First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) will publish its first quarter 2019 financial and operating results on Monday April 29, 2019 after the close of the Toronto Stock Exchange. The Company’s President, Clive Newall, will host a conference call and webcast to discuss the results on Tuesday April 30, 2019.

 

All data used in this weekly report is compiled from the Lusaka Securities Exchange

Sharing is caring!

(Visited 68 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