Weekly Capital Market Review (6th to 10th September 2021)  
Economy, Opinion

Two weeks into the month of September bond trading on the Lusaka Stock Exchange. Yet another week of no bonds traded throughout t6he week. Some companies securities continue to record negative earnings such as Airtel, Copperbelt Energy Corporation, Lafarge among other securities. The equities market recorded a 100% to 0% on the bond market.

Powered by Financial analytics Zambia.   

Week two of September recorded the complete opposite of the bond market dominating the equities market.

Powered by Financial analytics Zambia.

 Equity Market   

In the week ended 10th September 2021, a total of 9,676,129 shares were transacted in 247 trades, yielding a market turnover of K17,025,407. Trading activity was recorded in AIRTEL, BATA, COPPERBELT ENERGY CORPORATION, LAFARGE, PUMA, STANDARD CHARTERED ZAMBIA, SHOPRITE, ZAMBEEF, ZAMBIAN BREWERIES, ZANACO, ZAMBIA CONSOLIDATED COPPER MINES, ZAMBIA SUGAR, ZAMBIA FORESTRY and FOREST CORPORATION, FIRST QUANTUM MINERALS and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 4,763.52 points. The market closed on a capitalization of K61,526,878,777 including Shoprite Holdings and K26,744,193,337 excluding Shoprite Holdings.

Powered by Financial analytics Zambia.

Bond Market   

There were no bonds traded this week.

Powered by Financial analytics Zambia.  
Powered by Financial analytics Zambia.

Important announcements 

COPPERBELT ENERGY CORPORATION PLC 

The movement in EPS is primarily attributed to the reduction in the level of impairment loss provision on trade
receivables computed in compliance with IFRS 9. The impairment loss provision for the half year of 2021 is 96% lower
relative to the comparable period in 2020. This is as a result of the Company having taken a significant portion of the
impairment in 2020 on the KCM debt to CEC, which to date continues to remain unpaid. The Company expects to
take minimal impairment relating to KCM in 2021

 

Sharing is caring!

(Visited 5 times, 1 visits today)
The information contained on this website is for general information purposes only. While we endeavour to keep the information as accurate as possible, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or subject companies or matters contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
 right-arrow   right-arrow