As we come to the final month of the second quarter of the year, we see the equities market still struggling to redeem itself as we still see such mundane activity as not many company securities are recording significant trades to move the equities market. The bond market recorded a score of 98% to 2% on the equities side which is a 6% decrease from the first week of June 2020.
Equity Market
In the week ended 04th June 2021, a total of 3,229,121 shares were transacted in 100 trades, yielding a market turnover of K4,281,087. Trading activity was recorded in BATA, COPPERBELT ENERGY CORPORATION, INVESTRUST, LAFARGE, PAMDOZI, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBIA METAL FABRICATORS, ZANACO, ZAMBIA SUGAR, FIRST QUANTUM MINERALS and CEC AFRIA on the quoted tier. The LuSE All Share Index (LASI) closed at 4,292.98 points.
Bond Market
Bonds of total face value of K510,717,000 were transacted in 21 trades, resulting in a market value sales of K262,256,000.
Important announcements
ZAMBIA FORESTRY and FOREST CORPORATION
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements,the Board of Directors of Zambia Forestry and Forest Industries Corporation PLC (“theCompany”) hereby advises the Shareholders of the Company that the Earnings per Share (EPS) for the Financial Year ended 31st December 2020 (“reporting period”) is expected to be higher by about 41% compared to the prior year ended 31st December 2019, as restated.
ZAMBEEF PRODUCTS PLC
Zambeef (AIM: ZAM, LuSE: ZAMBF), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana stated on 6 May 2021, that the Group was pleased to announce that for the year ending 30 September 2021, revenue (reported in USD) is expected to be in line with current market expectations, and EBITDA, EBIT and adjusted Profit Before Tax* are now expected to end 20% – 30% ahead of current market expectations (all reported in USD). The Group is pleased to confirm this remains
the case.
LAFARGE ZAMBIA PLC
In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, NOTICE IS HEREBY GIVEN that the Final Dividend shall be payable to shareholders registered in the Company’s books as at close of business on Friday, 25 June 2021. The payment date will be on or about Monday, 28 June 2021. Therefore, the last day to trade in order to be eligible to receive the dividend is Tuesday, 22 June 2021.