Story of the Day:
The first quarter of 2019 was the best performing quarter for Corporates raising finance trading of corporate bonds. Read more
Local Business and Finance
Zambian President Edgar Lungu said expositions are helping to boost Zambia’s economy, enhance incomes for people and create job opportunities. Read more: Xinhua
A Chinese firm has begun talks with authorities in Lusaka, the Zambian capital, on the possibility of setting up a plant that will turn waste into energy, an official said on Wednesday. Read more: Xinhua
Mining of manganese at Kabundi Mining Resources Limited will get underway soon after approval around community resettlement is concluded by the Zambia Environmental. Read more: Zambia Daily Mail
The Zambia Congress of Trade Unions –ZCTU- has called for a National Economic Indaba that will oversee strategies to put back the country’s economy on course. Read more: Zambian Observer
International Business and Finance
Growing problems at South Africa’s state-owned enterprises are pushing major companies toward bankruptcy and subjecting the continent’s most developed economy to rolling blackouts that are choking growth. Read more: Wall Street Journal
President Donald Trump says he will sign the “phase one” trade deal with China at the White House on Jan. 15. Read more: CNBC
The U.S. economy is “structurally less recession-prone today,” Goldman Sachs economists said. Read more: CNBC
China’s Shanghai Composite just finished its best year since 2014. The index ended the year up 22% after closing higher on Tuesday, its last trading day of 2019. Read more: CNN
Stock markets overcame US-China trade tensions and Brexit uncertainty to post healthy gains in 2019. Read more: BBC News
Capital Markets Report
In 1 trade recorded yesterday, 79 shares were transacted, yielding a market turnover of K99. Trading activity was recorded in Copperbelt Energy Corporation. The LuSE All Share Index (LASI) maintained it previous closes of 4,264.51 points. The market closed on a capitalization of K56,516,055,827 including Shoprite Holdings and K22,276,849,847 excluding Shoprite Holdings.
Chart of the Day: