Four weeks into the month of June 2023, trading on the Lusaka Securities Exchange. There was minimal trading on the equities market as only three days recorded trades in the week. The bond market once again over shadowed the equity market recording a 100% score. Taking a look back around this time last year we see that the equity market recorded a 49% to 51% on the bond market, signaling more trading activity on the equities market.
Equity Market
In the week ended 23rd June 2023, a total of 450,903 shares were transacted in 202 trades, yielding a market turnover of K1,482,108.71. Trading activity was recorded BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZANACO, ZAMBIA SUGAR, ZAMBIA FORESTRY and FOREST CORPORATION and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 8,236.96 points. The market closed on a capitalization of K76,785,651,359.06 including Shoprite Holdings and K42,002,965,919.06 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K686,080,000 were transacted in 50 trades, resulting in a market value of K442,524,630.