Three weeks into the month of December 2022 trading on the Lusaka Securities Exchange and yet another mundane week as the bond market dominates the equities market with a 98% score to 2%. In comparison to around this time last year, it was the equity market that completely dominated the bond market with a 100% score.
Equity Market
In the week ended 16th December 2022, a total of 1,574,809 shares were transacted in 240 trades, yielding a market turnover of K10,511,897. Trading activity was recorded in AIRTEL NETWORKS, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED BANK LIMITED, SHOPRITE HOLDINGS, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,337.28 points. The market closed on a capitalization of K72,869,538,964.75 including Shoprite Holdings and K38,086,853,524.75 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K994,214,000 were transacted in 38 trades, resulting in a market value sales of K595,592,770.