In the battle of opposites between the bond and equity market on the capital markets, in the first week of May 2023. We take a look at how the markets performed against each other, the bond market recorded a 100% to 0% on the equity side which is a complete replica of last years performance. Regarding the equity market Copperbelt Energy Corporation recorded the highest turnover during the week.
In the week ended 5h May 2023, a total of 187,668 shares were transacted in 237 trades, yielding a market turnover of K572,922.00. Trading activity was recorded AECI MINING EXPLOSIVES, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZAMBIA REINSURANCE, ZANACO and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 8,095.40 points. The market closed on a capitalization of K76,169,473,305.26 including Shoprite Holdings and K41,386,787,865.26 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K836,701,330 were transacted in 33 trades, resulting in a market value of K577,602,850.