In the first week of 2020, the corporate bond market continues with its dominance over the equities market scoring 100% of the sales in the Zambian capital markets.
Equity Market Update
In the week ended 03rd January 2020, a total of 14,338 shares were transacted in 39 trades, yielding a market turnover of K13,689. Trading activity was recorded in CEC ZAMBIA, LAFARGE, STANDARD CHARTERED BANK LIMITED, and ZANACO. The LuSE All Share Index (LASI) closed at 4,264.51 points. The market remained on a capitalization of K56,516,055,827 including Shoprite Holdings and K22,276,849,847 excluding Shoprite Holdings.
Bond Market Update 3rd January 2020
During the first week of 2020, bonds of total face value of K16,920,000 were transacted in 19 trade, yielding a market value sales of K12,783,000.
Perspective
During the final week of 2019 and opening week of 2020, Stanchart had the highest market capitalization of the traded companies during the week. It also had the highest price to earnings ratio which signals are fairly expensive share price.
Important Announcements
ZAMBIA SUGAR PAYS DIVIDEND
The shareholders, as well as market participants, are referred to the Notice of Annual
General Meeting (“AGM”) issued by Zambia Sugar Plc (“ZSUG” or the “Company”) on
Tuesday, 5 November 2019 wherein the Directors of the Company recommended that
a final dividend of K0.08 per share, for the year-ended 31 August 2019, be declared to
all shareholders registered in the books of the Company at close of business on 18
December 2019.