In the final week of April 2022 trading on the Lusaka Stock Exchange, we see the equities market record a score of 26% to 74% on the bond market. Week four of April recorded the highest turnover throughout the month in regards to the equities market. In comparison to week four of April 2021, the equities’ market was completely dominated by the bond market.
Equity Market
In the week ended 29th April 2022, a total of 857,538 shares were transacted in 263 trades, yielding a market turnover of K13,284,258. Trading activity was recorded in AIRTEL, BATA, COPPERBELT ENERGY CORPORATION, INVESTRUST , CHILANGA CEMENT, PAMDOZI, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBEEF, ZAMBIA REINSURANCE, ZANACO, ZAMBIA SUGAR, and FIRST QUANTUM MINING ZAMBIA. The LuSE All Share Index (LASI) closed at 6,924.34 points. The market closed on a capitalization of K70,955,914,491 including Shoprite Holdings and K36,173229,051 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K60,045,000 were transacted in 20 trades, resulting in a market value sales of K36,980,510.
Week three of April was the best performing week of the month.
IMPORTANT ANNOUNCEMENTS
At the 17th Annual General Meeting held virtually on 21st April 2022, a Final Dividend of ZMW0.059 per share for the financial year ended 31st December 2021 was approved by the Shareholders of Zambia Reinsurance PLC. In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listing Requirements of the Lusaka Securities Exchange, NOTICE IS HEREBY GIVEN that the Final Dividend shall be payable to
Shareholders registered in the Company’s books as at close of business on Friday 10th June 2022. Therefore, the last day to trade in order to be eligible to receive the dividend is Tuesday 7th June 2022. The payment date will be on or about 13th June 2022.
First Quantum Minerals Limited
“Despite the operational and inflationary challenges presented in the first quarter, First Quantum was able to deliver another quarter of strong earnings and demonstrate continued financial improvement. Cash flow generation continues to be strong in the current commodity price environment and we remain committed to improving our balance sheet with net debt reduction of over $200 million during the period and the early redemption of $500 million of senior notes subsequent to the quarter,” commented Philip Pascall, Chairman and CEO. “While the restrictions from the global pandemic have largely eased, recent geopolitical events have brought about new challenges and I thank the entire First Quantum team for their tireless efforts.”