The penultimate trading week of May saw trading turnover edge up slight as the kwacha made a 7% gain on the dollar in a week that may cement the month as the second weakest month of trading in 2019.
Equity Market Performance
In the week ended 24th May 2019, a total of 92,934 shares were transacted in 82 trades, yielding a market turnover of K59,089. ZMBF recorded a share price loss of K0.01 . Trading activity was also recorded CEC Zambia, Lafarge, Madison Financial Services, PUMA, Standard Chartered Bank, Zambia Sugar, Zanaco and CEC Africa on the quoted tier. The LuSE All Share Index (LASI) closed at 5,739.45 points. The market closed on a capitalization of K62,691,684,711 including Shoprite Holdings and K28,452,478,731 excluding Shoprite Holdings.
Bond Market Performance
During the week, bonds of total face value of K87,896,000 were transacted in 41 trades, yielding a market value sales of K52,118,000.
Weekly Stock Market Diary
Monday 20th
- The penultimate trading week of the month opened with 8 trades recorded on the day
- 9,559 shares were transacted, resulting in a market turnover of K13, 101.
- Trading activity was recorded in CEC Zambia, PUMA and Zanaco.
- The LuSE All Share Index maintained its previous close of 5,740.17 points as there were no share price movements.
- The market remained on a capitalization of K62,694,690,507 including Shoprite Holdings and K28,455,484,527 excluding Shoprite Holdings.
Tuesday 21st
- The second day of trading saw 11 trades recorded with 65,576 shares being transacted, resulting in a market turnover of K16, 617.
- A share price loss of K0.01 was recorded in Zanaco. Trading activity was also recorded in Copperbelt Energy Corporation, Zambia Sugar and CEC Africa on the quoted tier.
- The LuSE All Share Index closed at 5,736.70 points down by 0.06% from its previous close of 5,740.17 points.
- The market closed on a capitalization of K62,680,253,007.08 including Shoprite Holdings and K28,441,047,027.08 excluding Shoprite Holdings.
Wednesday 22nd
- Mid-week saw 36 trades recorded
- 13,228 shares were transacted, resulting in a market turnover of K22, 606.
- A share price loss of K0.01 was recorded in Zambeef.
- Trading activity was also recorded in Copperbelt Energy Corporation, Lafarge. Standard Chartered, Zambeef and CEC Africa on the quoted tier.
- The LuSE All Share Index closed at 5,735.98 points down by 0.01% from its previous close of 5,736.70 points.
- The market closed on a capitalization of K62,677,247,211 including Shoprite Holdings and K28,438,041,231 excluding Shoprite Holdings.
Thursday 23rd
- In 17 trades recorded today, 3,220 shares were transacted, yielding a market turnover of K4,476.
- Trading activity was recorded in Copperbelt Energy Corporation.
- The LuSE All Share Index maintained its previous close of 5,735.98 points as there were no share price movements.
- The market remained on a capitalization of K62,677,247,211 including Shoprite Holdings and K28,438,041,231 excluding Shoprite Holdings.
Friday 24th
- The trading week closed with 10 trades recorded on Friday with 1,351 shares being transacted, yielding a market turnover of K2,290.
- A share price gain of K0.01 was recorded in Zanaco.
- Trading activity was also recorded in Madison Financial Services and Zambia Sugar.
- The LuSE All Share Index closed at 5,739.45 points up by 0.06% from its previous close of 5,735.98 points.
- The market closed on a capitalization of K62,691,684,711 including Shoprite Holdings and K28,452,478,731 excluding Shoprite Holdings.
Financial Insight Analysis
Week 4 saw a surge in volume of shares traded on the LuSE. However, turnover slightly edge up from the previous week. Notably, the exchange rate (Kwacha Dollar) saw the kwacha appreciate against the green back aiding in the slight improvement in turnover which would have seen a flat performance on a week by week basis.
With only 5 trading days remaining in May 2019, the month looks set to be the second weakest trading month in 2019 along with the month of February.
The LuSE All Share index weakened at the tail end of week 4 as a result of leader securities losing share value. However, the index was stable for most of May indicative of minor price movements on the LuSE.
Important Announcements
ZAMEFA Half Year Results published – 20.7% Surge in Revenue
In compliance with the Securities Act No. 17 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, Metal Fabricators of Zambia PLC (ZAMEFA) announces its separate and consolidated results for the half-year period (“Period”) ended 31st March 2019.
Revenue for both Group and Company is 20.7% higher than achieved in the first half of 2018 financial year as a result of the 9% increase in sales volumes coupled with the 21% depreciation of kwacha against the US Dollar for the first half of the year compared to the corresponding period in 2018.
–Article is currently work in progress as the FiZ team compile all the necessary data.