Three weeks into the final month of the trading year on the LuSE, there is still no positive movement on the equities market as it recorded a 1% to 99% on the bond market. During the course of the week CAVMONT CAPITAL HOLDINGS ZAMBIA, COPPERBELT ENERGY CORPORATION, LAFARGE and STANDARD CHARTERED BANK ZAMBIA recorded negative price earnings ratios of -1.43, -55.0,-42.1 and -10.00 respectively. This basically means that the companies securities are essentially losing money and is not profitable.
Equity Market
In the week ended 18th December 2020, a total of 956,356 shares were transacted in 129 trades, yielding a market turnover of K1,633,244. Trading activity was recorded in CAVMONT CAPITAL HOLDINGS ZAMBIA, COPPERBELT ENERGY CORPORATION, LAFARGE, PUMA, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA ZANACO, ZAMBIA CONSOLIDATED COPPER MINES and ZAMBIA SUGAR. The Index (LASI) closed at 3,937.35 points. The market closed on a capitalization of K57,617,254,395 including Shoprite Holdings and K23,378,048,415 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K401,985,000 were transacted in 16 trades, resulting in a market value sales of K214,909,000.
Important accouchements
In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of AEL Zambia PLC (“the Company” or “AELZ”) (the “Board”) wishes to announce the retirement of Mr Hendrik Jansen Van Rensburg as Managing Director and Member of the Board of AELZ with effect from 31st December 2020.
ZCCM INVESTMENTS HOLDINGS PLC (“ZCCM-IH”)
Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and market participants
are advised by way of update of the ongoing key strategic and operational activities in the Company as
outlined below