Weekly Stock Market Review (9th to 13th November 2020)
Economy, Opinion

In the third week of November 2020 trading on the LuSE. Eight companies securities recorded trades of which Tuesdays’ equities trading was the best performance of the week. Trading activity was recorded  CEC ZAMBIA, STANDARD CHARTERED ZAMBIA, LAFARGE, PUMA, REAL ESTATE INVESTMENT ZAMBIA, ZANACO,ZAMBIA CONSOLIDATED COPPER MINES and ZAMBIAN BREWERIES.

COPPERBELT ENERGY CORPORATION AFRICA had an outstanding debt with BP INVESTMENT LIMITED, The loan was initially between the Company and COPPERBELT ENERGY CORPORATION PLC and was secured against the Company’s shares in CEC Africa Hydro Investments Limited, a subsidiary of CEC AFRICA. The loan was worth USD 45,968,657. BP Investments Limited has called the share pledge on 23,824,011 of  CEC shares in accordance with the terms and conditions of the Share Pledge between CEC and CEC Africa Hydro Investments Limited, the shares are being transferred to BPIL this can be one of the attributes to the compoanies low performance on the equities market.

 

 

Powered by Financial analytics Zambia.

Monday 16th 

In 16 trades recorded today, 23,157 shares were transacted yielding a market turnover of K21,082. A share price gain was recorded in LAFARGE of K0.38, and in CEC ZAMBIA of K0.03. Trading activity was also recorded in REI ZAMBIA, ZAMBIAN BREWERIES and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 3,883.92 points, 0.74% up from its previous close of 3,855.33 points. The market closed on a capitalization of K57,384,141,057 including Shoprite Holdings and K23,144,935,077 excluding Shoprite Holdings.

Tuesday 17th 

In 24 trades recorded today, 1,956,815 shares were transacted yielding a market turnover of K1,359,066. A share price gain was recorded in LAFARGE of K0.58. Share price losses were recorded in CEC ZAMBIA of K0.03 and in STANDARD CHARTERED ZAMBIA of K0.08. Trading activity was also recorded in PUMA and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 3,868.78 points, 0.39% down from its previous close of 3,883.92 points. The market closed on a capitalization of K57,318,055,783 including Shoprite Holdings and K23,078,849,803 excluding Shoprite Holdings.

Powered by Financial analytics Zambia.

Wednesday 18th

In 7 trades recorded today, 1,638,401 shares were transacted yielding a market turnover of K832,813. Trading activity was recorded in CEC ZAMBIA and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) maintained its close at 3,868.78 points, as there were no share price movements. The market closed on a capitalization of K57,318,055,783 including Shoprite Holdings and K23,078,849,803 excluding Shoprite Holdings.

Thursday 19th  

In 11 trades recorded today, 1,526,830 shares were transacted yielding a market turnover of K1,093,413. A share price gain of K0.09 was recorded in ZANACO. Trading activity wa

s also recorded in CEC ZAMBIA, PUMA and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 3,898.56 points, 0.76% up from its previous close of 3,868.78 points. The market closed on a capitalization of K57,447,993,287 including Shoprite Holdings and K23,208,787,307 excluding Shoprite Holdings

Friday 20th

In 27 trades recorded today, 489,853 shares were transacted yielding a market turnover of K323,100. Trading activity was recorded in CEC ZAMBIA, ZAMBIA CONSOLIDATED COPPER MINES and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) maintained its close at 3,898.56 points, as there were no share price movements. The market closed on a capitalization of K57,447,993,287 including Shoprite Holdings and K23,208,787,307 excluding Shoprite Holdings.

Powered by Financial analytics Zambia.

Sharing is caring!

(Visited 12 times, 1 visits today)
The information contained on this website is for general information purposes only. While we endeavour to keep the information as accurate as possible, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or subject companies or matters contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
 right-arrow   right-arrow