Three weeks into 2021 bond trading on the LuSE, the bond market completely dominates the equities market recording a 100% to 0% on the equities market which is identical to week 3 of 2020, there was minimal trading activity on the equities’ market as majority of the companies securities continue to record negative earnings.
Equity Market
In the week ended 22nd January 2021, a total of 12,316 shares were transacted in 19 trades, yielding a market turnover of K32,233. Trading activity was recorded in AFRICA EXPLOSIVES LIMITED ZAMBIA, COPPERBELT ENERGY CORPORATION, STANDARD CHARTERED ZAMBIA , SHOPRITE HOLDINGS and ZAMBIA SUGAR. The Index (LASI) closed at 3,912.33 points. The market closed on a capitalization of K57,358,966,682 including Shoprite Holdings and K23,119,760,702 excluding Shoprite Holdings.
SHOPRITE HOLDINGS has the highest market capitalization, which holds majority of the stock market. If anything were to happen to SHOPRITE HOLDINGS the entire market would collapse.
Bond Market
Bonds of total face value of K498,077,000 were transacted in 16 trades, resulting in a market value sales of K314,756,000.
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