Two weeks into April trading on the Lusaka Stock Exchange, the equities market begins to pick up the pace as it recorded a score of 61% to 39% on the bond market. In comparison to week two of April 2021 we see that it was the bond market that held the glory by completely dominating the capital market with a 100% score. In regards to the equity market, this week Copperbelt Energy Corporation recorded the highest turnover throughout the week.
Equity Market
In the week ended 14th April 2022, a total of 2,733,207 shares were transacted in 258 trades, yielding a market turnover of K5,794,511. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, AIRTEL, COPPERBELT ENERGY CORPORATION, CHILANGA CEMENT, PAMDOZI, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBEEF, ZAMBIAN BREWERIES, ZANACO, ZAMBIA CONSOLIDATED COPPER MINES, ZAMBIA SUGAR, FIRST QUANTUM MINING ZAMBIA and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 7,007.36 points. The market closed on a capitalization of K71,318,035,129 including Shoprite Holdings and K36,535,349,689 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K5,000,000 were transacted in 1 trade, resulting in a market value sales of K3,644,150.
IMPORTANT ANNOUNCEMENTS
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of
Zambeef Products Plc today announces the resignation of Mr. Yollard Kachinda as Non-Executive Director of the Board, effective 14 April 2022. Mr. Kachinda served as a Non – Executive Director on the Board for the past five (5) years since 18 April 2017.
The Board wishes to thank Mr. Kachinda for his immense contribution to the Company
over the past few years and wish him continued success in his future endeavors.
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM
Investments Holdings Plc (the “Board”) wishes to announce the resignation of Mr. Yollard
Kachinda as a Director with effect from 6th April 2022.The Board would like to thank Mr. Kachinda for his contribution to ZCCM-IH during the time he served as Non-Executive Director and wishes him well in his future endeavours.