The Lusaka Securities Exchange All Share index fell 13.09% in one month as equity securities continued their under performance on the local exchange. This erosion took the index to its lowest level since October 2017.
Equities globally have suffered over the last six months. The Zambian index appears not to have been spared over the same period.
The current leader securities include AELZ, National Breweries, Zanaco and Pamodzi with the laggers including Zambian Breweries, Airtel, PUMA and Invest trust bank, according to the Bloomberg Terminal.
Although AEL Zambia has held a strong position in terms of share price, only marginally losing value, National Breweries, Zanaco and Pamodzi have been the biggest losers that have inspired the reduction in the all share index through a weakening aggregated.
At present, the Zambian bond market has the lions share in financial market dominance with monthly trades eclipsing the equities market trades by as much as 98%, according to Financial Insight Analytics estimates. Furthermore, trading performance over the last 4 months (February to May) on the equities market has been less than 50% of trading volume and turnover of January 2019 as shown in the chart above.