In the penultimate week of the month, the LuSE saw the largest number of companies being traded during the month with trades from the following listed companies:
- CEC Plc
- REIZ Plc
- Lafarge Plc
- CEC Africa on the quoted tier
- Standard Chartered Bank Zambia Plc
- Zambeef Plc
- Zambrew Plc
- Zanaco Plc
With a total market turnover month-to-date standing at K 31.7million (US$ 2.6 million) with 5.7 million shares traded, January 2018 has opened the year on the front foot.
The following is a day by day summary of the week’s trades.
Monday 21st January 2019
- The LuSE All Share Index (ASI) closed at 5,575.83 points, down 0.31% from the previous close of 5,593.14 points. Year-to-date, the LUSE ALSI is up 6.24% in local currency terms, and up 6.24% in USD currency terms
- 1,200,062 shares traded on the LuSE Main Tier on this day, of which LAFARGE contributed 99% to the total shares traded, trading 1,200,000 shares at a share price of at K3.30 per share.
- A total turnover of K3,960,294 (USD328,928) was generated on the LuSE, of which LAFARGE contributed 99%.
- Trading activities was also recorded in CEC Zambia Plc and REIZ Plc.
- No trades took place on the Quoted tier.
- Price movement on Lafarge 0.36% drop to 3.30 per share
Tuesday 21st January 2019
- The LuSE ASI closed at 5,575.58 points, down 0.004% from the previous close of 5,575.83 points. Year-to-date, the LUSE ALSI is up 6.23% in local currency terms, and up 5.97% in USD currency terms
- 2,482 shares traded on the LuSE Main Tier today, of which STANCHART contributed 60% to the total shares traded, trading 1,2478 shares at a share price of at K2.58 per share.
- A total turnover of K38,809 (USD3,223) was generated on the LuSE today, of which ATEL contributed 90%.
- 5,700 CEC Africa shares traded on the Quoted tier today, generating a total turnover of K1,140.
- Airtel Plc recorded a loss of K0.01.
- Trading activity was also recorded in CEC Plc and Standard Chartered Bank Plc
Wednesday 22nd January 2019
- The LuSE ASI closed at 5,680.60 points, up 1.88% from the previous close of 5,575.58 points. Year-to-date, the LUSE ALSI is up 8.24% in local currency terms, and up 7.97% in USD currency terms
- 1,901,758 shares traded on the LuSE Main Tier today, of which ZAMBREW contributed 53% to the total shares traded, trading 1,004,405 shares at a share price of at K12.00 per share.
- Trading activity also occurred in CEC Plc and ZAMBEEF
- A total turnover of K14,739,722 (USD1,220,176) was generated on the LuSE, of which ZAMBREW contributed 83%.
Thursday 23rd January 2019
- The LuSE ASI maintained the previous close of 5,680.60 points.Year-to-date, the LUSE ALSI is up 8.24% in local currency terms, and up 7.88% in USD currency terms
- 5,448 shares traded on the LuSE Main Tier, of which ZAMBREW contributed 75% to the total shares traded, trading 4,105 shares at a share price of at K12.00 per share.
- A total turnover of K50,792 (USD4,205) was generated on the LuSE , of which ZAMBREW contributed 97%.
Friday 24th January 2019
- 24 trades recorded on the last day of the week
- 2,591,590 shares were transacted, yielding a market turnover of K7,789,765
- Zambian Breweries Plc recorded a loss of K0.08.
- Trading activities was also recorded in ZAMBEEF and ZANACO.
- The LuSE All Share Index (LASI) closed at 5,670.10 points down by 0.18% from its previous close of 5,680.60 points.
- The market closed the week on a capitalization of K62,246,992,281 including Shoprite Holdings and 28,007,786,301 excluding Shoprite Holdings
FIZ Analysis
Market turnover grew by 5794% (5769% in US dollar terms) from week 3 to week 4. All this due to the surge in the Monday transactions that saw Lafarge trading over 1 million shares. 8 company’s traded in the week compared to 4 in the previous week signalling that the market was bullish in week 4.
There appears to be cooling on trades on the quoted tier with CEC Africa only trading on one day in comparison to previous weeks that saw trades on a daily basis. The currency average moved from 12.02 to 12.07 in the period under review.
The total turnover for the month of January now stands at K31.7 million (US$ 2.6 million) with 7.63 million shares traded.
Over the past 4 weeks, week 1 saw 7% of the total trades in the month. Week 2 saw 16.5% with week 3 seeing the lowest number of shares traded at 1.8%. Week 4 so far has the highest number of shares traded at 74.5% of the total of the month.
Key Announcements
Key announcements from companies of the week included FQM, ZCCM-IH and IZWE.
FQM announced its preliminary production and sales for the three months and year ended December 31, 2018, including record total copper production and sales for the year, exceeding the prior year by approximately 6% and 3%, respectively, and exceeding production guidance.
ZCCM IH published their 2018 annual report ahead of the Annual General Meeting slated for the 28th of January 2019. The Group recorded turnover of K61 million (2017: K95 million). The decrease in turnover is attributed to low sales at Ndola Lime Company Limited due to increased competition in lime market as well as technical challenges which negatively affected the production and sales of lime and related products.
The Board at IZWE informed the holders of the listed notes and the market that the Company is still considering various strategic growth opportunities that may include pursuing a listing on the LuSE.