In the battle of opposite, in the third week of July on the Lusaka Stock Exchange. The equities market recorded a score of 95% overshadowing the equities market with a score of 5% this is after the bond market only traded in one day during the week. in comparison to this time last year, it was the equities market that recorded a 100% to 0% on the bond market. In regards to the equities market Copperbelt Energy Corporation recorded the highest turnover during the week.
Equity Market
In the week ended 15th July 2022, a total of 403,005 shares were transacted in 431 trades, yielding a market turnover of K1,512,077. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, AIRTEL, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, INVESTRUST, CHILANGA CEMENT, NATIONAL BREWERIES, PUMA, STANDARD CHARTERED ZAMBIA, SHOPRITE HOLDINGS, ZAMBEEF, ZAMBIAN BREWERIES, ZAMBIA METAL FABRICATORS, ZANACO, ZAMBIA CONSOLIDATED COPPER MINES, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 6,868.39 points. The market closed on a capitalization of K70,828,573,322 including Shoprite Holdings and K36,045,887,882 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K42,960,000 were transacted in 5 trades, resulting in a market value sales of K28,000,930.
Week two of July remains the best performing week of the month thus far.
IMPORTANT ANNOUNCEMENTS
Huaxin submitted a cash offer to the Board of directors of Chilanga Cement to purchase from the minority
shareholders, all the remaining 50,013,468 shares of Chilanga Cement that it did not already own
representing 25% shareholding in the Company, at a price per share of ZMW13.38 (the
“Offer price”). Huaxin at the close of the Mandatory Offer, on 13 June 2022, acquired a total of 12,375,420 shares
tendered for sale to Huaxin via the Form of Acceptance. This level of acceptance represents 24.74 % of
the 50,013,468 target shares that were the subject of the mandatory offer or 6.19% of the total
shareholding in the Company.