In the battle of opposites the bond market completely dominates the equities’ market we see a complete replica of the third week of February 2020 as it also recorded a score of 100% on the bond market to 0%. Companies’ securities continue to record negative returns, hoping for a turn around in the weeks to come. The LuSE All Share index closed the market with 3971.18 points which is a 0.58% point increase from the previous week.
In the week ended 19th February 2021, a total of 165,629 shares were transacted in 94 trades, yielding a market turnover of K233,228. Trading activity was recorded in AEL ZAMBIA, CEC ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBEEF, ZAMBIAN BREWERIES, ZANACO, ZAMBIA SUGAR and FIRST QUANTU MINING. The Index (LASI) closed at 3,971.18 points. The market closed on a capitalization of K57,610,286,783 including Shoprite Holdings and K23,376,515,598 excluding Shoprite Holdings.
Bonds of total face value of K269,789,000 were transacted in 41 trades, resulting in a market value sales of K157,665,000.
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc (“the Board”) wishes to announce the resignation of Mr Michael James Baker as Director of the Board effective 15 February 2021.