Two weeks into February 2021 bond trading on the LuSE, we see the equities’ market slightly pick up as it records a 9% to 91% on the bond market. Which is better than last weeks performance as it was completely dominated. Even with the bond market having little trading activity during the week it still outperformed the equities market. In comparison to week two of 2020 which recorded a 12% to 88%. The equity market remains mundane hoping for a magnificent turn around in the weeks to come.
In the week ended 12th February 2021, a total of 27,213,544 shares were transacted in 210 trades, yielding a market turnover of K14,055,320. Trading activity was recorded in AEL ZAMBIA, AIRTEL, CEC ZAMBIA, LAFARGE, PUMA, REI ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBIA METAL FABRICATORS, ZANACO, ZCCM, ZAMBIA SUGAR, ZAMBIA FORESTRY and FOREST CORPORATION and FIRST QUANTUM MINING ZAMBIA. The Index (LASI) closed at 3,948.15 points. The market closed on a capitalization of K57,509,780,951 including Shoprite Holdings and K23,276,009,766 excluding Shoprite Holdings.
Bonds of total face value of K255,102,000 were transacted in 7 trades, resulting in a market value sales of K144,074,000.
In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”)wishes to announce the appointment of Mr Louis Chilufya Pulu as Finance Manager and Company Secretary effective 11th January 2021.