Three weeks into the second quarter of the year in regards to the capital markets. In the battle of opposites there was minimal trading activity on the equities market as it was overshadowed by the bond market, recording a score of 99% on the bond market to 15 on the equities’ side. Which is the exact same replica of this time last year.
Equity Market
In the week ended 22nd April 2022, a total of 182,524 shares were transacted in 253 trades, yielding a market turnover of K723,705. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, COPPERBELT ENERGY CORPORATION, CHILANGA CEMENT, FIRST QUANTUM MINING ZAMBIA, NATIONAL BREWERIES, PUMA, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBEEF, ZAMBIA METAL FABRICATORS, ZANACO, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 6,973.96 points. The market closed on a capitalization of K71,172,289,877 including Shoprite Holdings and K36,389,604,437 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K165,531,000 were transacted in 10 trades, resulting in a market value sales of K125,293,990.
Week three is the best performing week of April thus far.
IMPORTANT ANNOUNCEMENTS
Lusaka Securities Exchange (LuSE) – MyLuSE Application
Over the past few weeks, the LuSE direct market access application known as the MyLuSE App has been offline on both web and mobile platforms. During this period, clients have not been able to access the platform and therefore have not been able to perform any transactions on the platform. The application has been offline due to a technical fault experienced by the application developers. Our technical team have since been working to resolve the issue and ensure the application is fully restored. The MyLuSE App and all application services such as depositing and withdrawing funds from your wallet,
and placing orders in the market will be fully restored and available to the user on or before Monday, 25th April 2022.