Three weeks into the month of April’s bond trading and the bond market continues to record little trading activity. The equities market recorded a score of 99% to 1% on the equities market, although the equities market performed quite well during the week it can not be compared to the bond market even with meagre trading activity in the past weeks. In comparison to the third week of April 2020 bond trading which was a percent higher recording a 98% to 2% on the equities market.
Equity Market
In the week ended 16th April 2021, a total of 296,091 shares were transacted in 160 trades, yielding a market turnover of K285,078. Trading activity was recorded in BATA, BAT ZAMBIA, CEC ZAMBIA,PUMA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBIA METAL FABRICATORS, ZANACO, ZAMBIA FORESTRY and FOREST CORPORATION and FIRST QUANTUM MINING. The Index (LASI) closed at 3,953.06 points. The market closed on a capitalization of K57,542,088,242 including Shoprite Holdings and K23,297,447,467 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K29,285,000 were transacted in 20 trades, resulting in a market value sales of K19,103,000.
Week two of April 2021 Corporate Bond Trading was the best performing week throughout the month.
Important announcements
First Quantum Minerals Limited
Toronto, Ontario (April 7, 2021) – First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) will release first quarter 2021 financial and operating results on Tuesday, April 27, 2021 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, April 28, 2021 at 9:00 am (EDT).
STANDARD CHARTERD BANK ZAMBIA PLC
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Standard
Chartered Bank Zambia PLC (“the Bank”) hereby advises the Shareholders of the Company that the Bank recorded a Loss
per Share for the year ended 31 December 2020 which represents a decline in Earnings per Share of 500% compared to the
financial year end 31 December 2019.