Week surged to an all year high of the highest week by week increases recorded in 2019 with turnover and trade volumes increasing by 3939% and 2065% respectively.
Equity Market Performance
In the week ended 14th June 2019, a total of 5,266,455 shares were transacted in 67 trades, yielding a market turnover of K13,681,870. A share price loss of K0.01 was recorded in ZABR while ZSUG recorded a gain of K0.10. Trading activity was also recoded in CEC Zambia, Lafarge Zambia, PUMA, Shoprite and Zanaco Bank. The LuSE All Share Index (LASI) closed at 5,002.27 points. The market closed on a capitalization of K59 625 638 823 including Shoprite Holdings and K25 386 432 843 excluding Shoprite Holdings.
Bond Market Performance
During the week, bonds of total face value of K99,914,000 were transacted in 12 trades, yielding a market value sales of K67,564,000. Week two bond market performance was weaker than week one despite that number of trades remaining flat.
Weekly Diary
Monday 10th
- The week opened with 11 trades recorded on the day
- 3,529 shares were transacted, resulting in a market turnover of K4,886.
- Trading activity was recorded in Copperbelt Energy Corporation, PUMA, Zambia Breweries, Zanaco and Zambia Sugar.
- The LuSE All Share Index (LASI) maintained its previous close of 4,995.97 points as there were no share price movements.
- The market remained on a capitalization of K59,599,441,685 including Shoprite Holdings and K25,360,235,705 excluding Shoprite Holdings.
Tuesday 11th
- Day 2 of trading only saw 1 trade recorded on the day worth 400 shares being transacted, resulting in a market turnover of K480.
- Trading activity was recorded in Copperbelt Energy Corporation.
- The LuSE All Share Index (LASI) maintained its previous close of 4,995.97 points as there were no share price movements.
- The market remained on a capitalization of K59,599,441,685 including Shoprite Holdings and K25,360,235,705 excluding Shoprite Holdings.
Wednesday 12th
- In midweek trading, 42 trades recorded with 7,484 shares being transacted, yielding a market turnover of K19,597.
- A share price loss of K0.01 was recorded in Zambia Breweries.
- Trading activity was recorded in Copperbelt Energy Corporation, Lafarge and Shoprite.
- The LuSE All Share Index (LASI) closed at 4,994.66 points down by 0.03% from its previous close of 4,995.97 points.
- The market remained on a capitalization of K59,593,981,685 including Shoprite Holdings and K25,354,775,705 excluding Shoprite Holdings.
Thursday 13th
- 7 trades were recorded on the day
- 5,251,165 shares were transacted, yielding a market turnover of K13,651,474.
- A share price gain of K0.10 was recorded in Zambia Sugar.
- Trading activity was also recorded in Copperbelt Energy Corporation and Zambia Breweries.
- The LuSE All Share Index closed at 5,002.27 points up by 0.15% from its previous close of 4,994.66 points.
- The market closed on a capitalization of K59,625,638,823.93 including Shoprite Holdings and K25,386,432,843.93 excluding Shoprite Holdings.
Friday 14th
- The trading week closed with only 6 trades recorded today, 3,877 shares were transacted, yielding a market turnover of K5,433.
- Trading activity was recorded in CEC and Lafarge
- The LuSE All Share Index (LASI) maintained its previous close of 5,002.27 points as there were no share price movements.
- The market remained on a capitalization of K59 625 638 823 including Shoprite Holdings and K25 386 432 843 excluding Shoprite Holdings.
Financial Insight Analysis
Week 2 of the coldest month of the year saw Thursday record the highest transaction thus far with Zambia Sugar edging up by 10 ngwee following 5250 shares of the company being traded for K2.60. The sweet security had dropped in price from K2.70 in April to K2.50 following 9 months of trading on a flat price. The security now currently out performs the LuSE All share index. This is following announcements from the company that crop yields and prudent cost control was beginning to yield positive results for the company.
Important Announcements
Lafarge CFO resigns
Pursuant to Section 3.59 of the LuSE Listing Requirements, the Board of Directors of Lafarge Zambia PLC (“Lafarge” or “the Company”), wishes to announce the resignation of Mr Raphael Chipoma as Chief Financial Officer effective 11th June 2019.
Zambeef Forecasts Weaker EPS
In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Zambeef Products Plc hereby advises the Shareholders of the Group that the Earnings per Share for the six-month period ended 31st March 2019 is expected to be 372% lower than the corresponding period last year for the Group.
