In the second week of April 2020 trading on the LuSE, the bond market dominates the equities market and we see a percentage drop of one percent from last weeks record on the equities market. As it scores a 98% on the bond market and 2% on the equities side.
Equity Market Update
In the week ended 10th April 2020, a total of 529,847 shares were transacted in 30 trades, yielding a market turnover of K534,349. Trading activity was recorded in CEC ZAMBIA, STANDARD CHARTERED BANK LIMITED,BATA,ZANACO, PUMA ,ZAMBIA BREWERIES, LAFARGE and CEC AFRICA on the quoted tier. The Index (LASI) closed at 4,152.07 points. The market closed on a capitalization of K56,039,396,991 including Shoprite Holdings and K21,800,191,011 excluding Shoprite Holdings.
Bond Market Update 10th April 2020
During the week, bonds of total face value of K46,211,000 were transacted in 6 trades, yielding a market value sales of K32,558,310.
Important announcements
STANDARD CHARTERED BANK ZAMBIA PLC
In accordance with Section 3.59(b) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”), the Board of Directors (“the Board”) of Standard Chartered Bank Zambia PLC (“SCBL” or “the Bank”) wishes to announce the resignation of Ms. Venus Hampinda as Chief Financial Officer of the Bank effective 15th March 2020.
AEL ZAMBIA PLC.
At the Board Meeting held on 2 April 2020, an Interim Dividend payment of 0.72 Kwacha per share
for the 2019 financial year was approved by the Board of Directors of AEL Zambia PLC (“AELZ” or
“the Company”) (“the Board”).