As we close the first quarter of 2023, we look at how the capital market performed in the final week of march. The equity market performed exceptionally as it recorded a score of 68% to 32% on the bond market. This can be mainly attributed to the turnover that was recorded by CEC Zambia. Around this time last year, the equity market recorded a 1% to 99% on the bond market.
In Equity Market
In the week ended 31st March 2023, a total of 84,137,732 shares were transacted in 394 trades, yielding a market turnover of K422,931,693.82. Trading activity was recorded AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBEL ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, NATIONAL BREWERIES, TAJ PAMODZI HOTELS, PUMA ENERGY, REAL ESTATE INVESTMENT HOLDINGS ZAMBIA, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGSS, ZAMBEEF, ZAMBIA METAL FABRICATORS, ZAMBIA REINSURANCE, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,838.10 points. The market closed on a capitalization of K75,049,515,708.43 including Shoprite Holdings and K40,266,830,268.43 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K299,030,000 were transacted in 54 trades, resulting in a market value sales of K195,350,820.