In week four of June 2020 trading on the LuSE, we revert back to our old pattern as the bond market completely dominates the equities market. As it records a score of 99% to 1% on the equities market. The equities market is glory was short lived as we saw last week it had a great score for the entire month of June
Equity Market Update
In the week ended 26th June 2020, a total of 47,207,978 shares were transacted in 83 trades, yielding a market turnover of K6,348,457. Trading activity was recorded in AEL ZAMBIA, CEC ZAMBIA, LAFARGE, PUMA, STANDARD CHARTERED ZAMBIA, ZANACO, ZAMBIA FORESTRY AND FOREST CORPORATION, FIRST QUANTUM MINERALS ZAMBIA and CEC AFRICA on the quoted tier. The Index (LASI) closed at 3,937.70 points. The market closed on a capitalization of K55,959,900,076 including Shoprite Holdings and K21,720,694,096 excluding Shoprite Holdings.
Four weeks into June 2020 trading on the LuSE, we can track the LuSE All Share Index (LASI). In the first week the LASI closed at 4,024.34 points, going into the second week it closed at 3,971.11 points this was a point drop of 53.23 points between the two weeks. Three weeks in the LASI closed at 3,944.98 points, we see a point gain of 26.13 points from the previous week. Going into week four LASI closed with 3,937.70 points here we depict a point drop from week three’s close. A drop of 7.28 points. Week one recorded the highest points.
Bond Market Update
During the week, bonds of total face value of K708,378,000 were transacted in 43 trades yielding a market value sales of K473,060,000.
ZAMBIA NATIONAL COMMERCIAL BANK
Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to inform the Bank’s shareholders and the general public that Mrs Chearyp Mkandawire – Sokoni was appointed as director on the Zanaco Plc Board effective on 15th June 2020.
REAL ESTATE INVESTMENTS ZAMBIA PLC
In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” or “the Company”) wishes to announce that Mr Sydney Popota, the Chief Executive Officer (“CEO”), will be leaving the Company upon expiry of his employment contract on 30 June 2020.