Story of the Day:
Commerce, Trade and Industry Minister Christopher Yaluma says Government is determined to promote inter-linkages between industries under the intra Africa and global trade. Mr. Yaluma says there is need to create business linkages among industries within the region as they have the potential to accelerate economic growth. Read more: ZNBC
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US shares hit fresh records on Tuesday with the Dow Jones index closing above 30,000 points for the first time amid hopes of a strong economic recovery and end of political uncertainty. The S&P 500 also hit an all-time high as investors bought economically sensitive financial and energy stocks. Read more: BBC News
Kenya is asking the International Monetary Fund (IMF) for a loan of $2.3 million under the lender’s extended fund facility. The East African country is hoping for an initial disbursement of about $725 million to fund the fiscal year that runs through June. Read more: Business Insider
British finance minister Rishi Sunak said on Tuesday he was determined that the United Kingdom would remain a global leader for asset management after Brexit. Read more: Reuters
Dell Technologies Inc. and HP Inc. reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic. Read more: Bloomberg
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In 20 trades recorded yesterday, 49,004 shares were transacted yielding a market turnover of K38,194. Share price gains were recorded in Copperbelt Energy Corporation of K0.03 and in Zanaco of K0.01. Share price losses were recorded in Real Estate Investments Zambia of K0.28. Trading activity was also recorded in PUMA, Standard Chartered Zambia and Zambeef. The LuSE All Share Index (LASI) closed at 3,909.42 points, 0.28% up from its previous close of 3,898.56 points. The market closed on a capitalization of K57,495,371,950 including Shoprite Holdings and K23,256,165,970 excluding Shoprite Holdings.
Chart of the Day: