Weekly Capital Market Report (7th to 11th September 2020)
Economy, Opinion

Two weeks into the month of September 2020 Bond trading on the LuSE, the bond market completely dominates the equities market recording a 100%. Increase in production costs due to depreciation of the Kwacha against the US Dollar and continued impact of increased energy costs has negatively impacted the margins and profits of a majority of these Companies’ securities. Hoping for a  turnaround in the weeks to come.

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Equity Market Update 

In the week ended 11th September 2020, a total of 19,517 shares were transacted in 36 trades, yielding a market turnover of K40,799. Trading activity was recorded in CEC ZAMBIA, LAFARGE, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZANACO, ZAMBIA SUGAR and ZAMBIA FORESTRY AND FOREST CORPORATION. The Index (LASI) closed at 3,834.35 points. The market closed on a capitalization of K55,510,536,355 including Shoprite Holdings and K21,271,330,375 excluding Shoprite Holdings.

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Bond Market Update  

 During the week, bonds of total face value of K133,030,000 were transacted in 34 trades, yielding a market value sales of K99,461,000.

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Week two of Septembers’ 2020 Bond trading, has outperformed week one by a large margin. In terms of Face Value, Sales as well as Trades.

Important announcements   

LAFARGE ZAMBIA PLC

The impact of the Covid 19 Pandemic has not spared Zambia. With ination at 15.9% from 11.7% at the close of December 19, sales volumes have been negatively impacted.

LAFARGE ZAMBIA PLC

In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements, the Board of Directors of Lafarge Zambia PLC (“the Company” or “Lafarge”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the six-month period ended 30th June 2020 is expected to be approximately 71% higher than for the six-month period ended 30th June 2019, represented by a change in the EPS from ZMW(0.216) to ZMW(0.062).

ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC

In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZAFFICO is pleased to announce the appointment of Mr Chanza Kephas Sikazwe to its Board of Directors as Corporation Secretary.

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