Week 2 of May recorded stronger performance for the LuSE. With increases of 74% and 19% recorded for Turnover and Shares traded, Week 2 sets the pace for halfway month of Q2.
Equity Market Activity
In the week ended 10th May 2019, a total of 140,540 shares were transacted in 115 trades, yielding a market turnover of K291,331. CEC, Zambeef and Zanaco Bank recorded losses of K K0.03, K0.20 and K0.01 respectively, while Lafarge Holcim recorded a gain of K0.02. Trading activity was also recorded AEL Zambia, PUMA and Zambia Sugar. The LuSE All Share Index (LASI) closed at 5,413.03 points. The market closed on a capitalization of K61,334,062,830 including Shoprite Holdings and K27,094,856,850 excluding Shoprite Holdings.
Bond Market Activity
During the week, bonds of total face value of K7,972,000 were transacted in 12 trades, yielding a market value sales of K5,778,000.
Weekly Stock Market Diary
Monday 6th
- The week opened with 27 trades recorded on the day
- 114,069 shares were transacted, yielding a market turnover of K252,456.
- A share price gain of K0.02 was recorded in Lafarge.
- Trading activity was also recorded in Copperbelt Energy Corporation and Zambia Sugar.
- The LuSE All Share Index closed at 5,442.68 points up by 0.02% from its previous close of 5,441.72 points.
- The market closed on a capitalization of K61,457,366,270 including Shoprite Holdings and K27,218,160,270 excluding Shoprite Holdings.
Tuesday 7th
- 8 trades recorded on the day
- 6,100 shares were transacted, resulting in a market turnover of K9,248.
- Trading activity was recorded in Copperbelt Energy Corporation and Lafarge.
- The LuSE All Share Index maintained its previous close of 5,442.68 points as there were no price movements.
- The market remained on a capitalization of K61,457,366,270 including Shoprite Holdings and K27,218,160,270 excluding Shoprite Holdings.
Wednesday 8th
- 13 trades recorded on the day with 4,198 shares were transacted, yielding a market turnover of K6,496.
- A share price loss of K0.01 was recorded Zanaco.
- Trading activity was also recorded in AEL Zambia, Copperbelt Energy Corporation and Lafarge.
- The LuSE All Share Index closed at 5,439.21 points down by 0.06% from its previous close of 5,442.68 points.
- The market closed on a capitalization of K61,442,928,769 including Shoprite Holdings and K27,203,722,789 excluding Shoprite Holdings.
Thursday 9th
- 62 trades recorded yesterday on the day with 14,495 shares were transacted, resulting in a market turnover of K21,482.
- Share price losses of K0.03 and K0.20 were recorded in Copperbelt Energy Connections and Zambeef.
- Trading activity was also recorded in Lafarge. The LuSE All Share Index (LASI) closed at 5,413.03 points down by 0.48% from its previous close of 5,439.21 points.
- The market closed on a capitalization of K61,334,062,830 including Shoprite Holdings and K27,094,856,850 excluding Shoprite Holdings.
Friday 10th
- In the final day of trading 5 trades recorded on Friday,
- 1,678 shares were transacted, yielding a market turnover of K1,649.
- Trading activity was recorded in PUMA and Zanaco.
- The LuSE All Share Index maintained its previous close of 5,413.03 points as there were no price movements.
- The market remained on a capitalization of K61,334,062,830 including Shoprite Holdings and K27,094,856,850 excluding Shoprite Holdings.
Financial Insight Analysis
A depreciating currency poses challenges when sales of local securities are made in the local currency. We have observed the frequency of exchange rate changes has the impact of influencing the amount shares are bought for especially if a player in the market is a foreign investor. At the moment, its peak season for out country investors to get Zambian securities on the “cheap”.
On the companies traded side, Zambia Sugar and Lafarge dominated trades with Zambia Sugar generating the highest turnover by a company during the week. CEC Zambia which in recent weeks had been trading the most came in 3rd as traders showed signs of shying away from the security for the first time in as many weeks.
Important Announcements
First Quantum publishes 2019 Q1 Financials
FQM released their Interim Consolidated Financial Statements for the first quarter of 2019. Sales revenue was down 3.1% to USD 857 million in the first 3 months of 2019 when compared to the same period in the previous year. Net earnings were USD 65 million compared to USD 72 million in the previous period.
Madison Financial Services Announces AGM Date
Notice is hereby given that 7th Annual General Meeting (AGM) of the fully paid-up members of Madison Financial Services PLC in respect of the period ended 31st December 2018, will be held at Hotel Intercontinental, Lusaka, Zambia on Thursday 30th May, 2019 at 10: 00 hrs, for purposes of transacting the following business:
