In the first week of January 2023 trading on the Lusaka Securities Exchange. The bond market eclipsed the equities market as it recorded a 100% to 0% on the equity market. In regards to the equities market Copperbelt Energy Corporation Zambia recorded the highest turnover during the week.
Equity Market
In the week that ended 6th January 2023, a total of 62,587 shares were transacted in 153 trades, yielding a market turnover of K167,059. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, INVESTRUST BANK, NATIONAL BREWERIES, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBIA FORESTRY and FOREST CORPORATION, ZAMBEEF, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,355.71 points. The market closed on a capitalization of K72,949,783,684.85 including Shoprite Holdings and K38,167,098,244.85 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K332,078,000 were transacted in 23 trades, resulting in a market value sales of K234,916,610.
