In the second week of the month of August 2020 Bond trading, the equities market falls by 74% from week one is magnificent score of 92% as it recorded an 18% to 82% on the bond market. This isn’t necessarily a bad score, we just hoped for better in the month of August as it started on a high note.
Equity Market Update
In the week ended 14th August 2020, a total of 325,053,796 shares were transacted in 41 trades, yielding a market turnover of K42,344,928. Trading activity was recorded in AFRICA EXPLOSIVES LIMITED ZAMBIA, AIRTEL, COPPERBELT ENERGY CORPORATION, LAFARGE, PUMA, STANDARD CHARTERED ZAMBIA, ZANACO, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The Index (LASI) closed at 3,844.69 points. The market closed on a capitalization of K55,555,038,761 including Shoprite Holdings and K21,315,832,781 excluding Shoprite Holdings.
Bond Market Update
During the week, bonds of total face value of K292,406,000 were transacted in 18 trades, yielding a market value sales of K192,280,000.
Important announcements
BRITISH AMERICAN TOBACCO (ZAMBIA) PLC
In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of British American Tobacco Zambia Plc (“the Company” or “BATZ”) (the “Board”) wishes to announce the appointment of Mrs Roseta Chabala as Chairperson and Non-Executive Director of the Board effective 30 July 2020.
CEC AFRICA INVESTMENTS LIMITED
Shareholders of the Company are referred to the Cautionary Announcement first issued on 17 July 2020 in which Shareholders and the market were advised that the Company received a letter of demand from Zambian Energy Corporation (Ireland) Limited (“ZECI”) on 3 July 2020 for repayment of a loan of principal and interest amounting to USD 15,427,263=00 entered into by the Company on 20 November 2014. On 10 July 2020, the Company was served with court process documents indicating that ZECI would seek to recover the debt through the courts in Mauritius
STANDARD CHARTERED BANK ZAMBIA PLC
Notice is hereby given that the 49th Annual General Meeting (AGM) of the fully paid up shareholders of Standard Chartered Bank Zambia Plc in respect of the period ended 31 December 2019, which was postponed on account of the COVID-19 pandemic will be held on Friday, 4th September 2020 at 10:00 hours. The AGM Proceedings will be conducted through an eAGM electronic platform.