Three weeks into January 2023 trading on the Lusaka Securities Exchange. we see that in the battle between the bond and equities market there was a 97% score on the bond market to 3% on the equity market, which is a 4% reduction from last week is performance.
Equity Market
In the week ended 20th January 2023, a total of 6,800,849 shares were transacted in 424 trades, yielding a market turnover of K23,917,807. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, NATIONAL BREWERIES, TAJ PAMDOZI HOTELS, PUMA ENERGY, REAL ESTATE INVESTMENTS ZAMBIA, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENT on the quoted tier. The LuSE All Share Index (LASI) closed at 7,233.16 points. The market closed on a capitalization of K72,416,350,084.85 including Shoprite Holdings and K37,633,664,644.85 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K1,018,386,000 were transacted in 65 trades, resulting in a market value sales of K678,310,750.