Into the final week of the month of Octobers’ bond trading. We see a remarkable turn of events, as we anticipated the final week of October would be in favor of the equities’ market. And it surely was, for the first time this year the equities market has completely dominated the bond market, by a landslide. Recording a 100% to 0% this is mainly because there were no bonds traded throughout the week.
Equity Market
In the week ended 30th October 2020, a total of 129,187 shares were transacted in 75 trades, yielding a market turnover of K191,284. Trading activity was recorded in AEL ZAMBIA, BAT ZAMBIA, CEC ZAMBIA, LAFARGE, MADISON FINANCIAL SERVICES, PUMA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBIA METAL FABRICATORS, ZANACO and ZAMBIA CONASOLIDATED COPPER MINES. The Index (LASI) closed at 3,809.22 points. The market closed on a capitalization of K57,090,342,990 including Shoprite Holdings and K22,851,137,010 excluding Shoprite Holdings.
Bond Market
There no bonds traded this week.
Important announcements
The Group announces that, based on work undertaken to date, it expects to report, for the year ended 30 September 2020, audited dollar denominated revenue and EBITDA that are in line with current market expectations, with EBIT and adjusted Profit Before Tax* that are over 25% ahead of current market expectations.
First Quantum Minerals Limited PLC
TORONTO, Ontario (October 28, 2020) – First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today reported results for the three and nine months ended September 30, 2020. The Company reported, for the three months ended September 30, 2020 (“Q3”), comparative earnings1 of $64 million ($0.09 per share1 ), net earnings attributable to shareholders of the Company1 of $29 million ($0.04 per share1 ) and cash flows from operating activities of $452 million ($0.66 per share1 ).