In the first week of May 2022, trading on the Lusaka Stock Exchange in the battle of opposites we see yet again the triumph of the bond market recording a score of 100% to 0% on the equities market. This is a complete replica of trading activity this time last year. Copperbelt Energy Corporation recorded the highest turnover throughout the week, in regards to the equity market.
Equity Market
In the week ended 06th May 2022, a total of 106,241 shares were transacted in 318 trades, yielding a market turnover of K315,540. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, AIRTEL, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, NATIONAL BREWERIES, PAMDOZI, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZAMBIA CONSOLIDATED COPPER MINES, ZAMBEEF, ZAMBIA METAL FABRICATORS , ZANACO, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 6,721.90 points. The market closed on a capitalization of K70,190,752,079 including Shoprite Holdings and K35,408,066,639 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K372,219,000 were transacted in 35 trades, resulting in a market value sales of K236,432,310.
IMPORTANT ANNOUNCEMENTS
Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Zambia Reinsurance PLC (“the Board”) wishes to announce the appointment of Mr. Pumulo Akapelwa and Mr. Khayalami Ngono as Directors on the Board of Directors of Zambia Reinsurance PLC with effect from 21st April 2022.
FIRST QUANTUM MINERALS ANNOUNCES
TRISTAN PASCALL AS NEW CHIEF EXECUTIVE OFFICER AND BOARD CHANGES
Toronto, Ontario (May 5, 2022) – First Quantum Minerals Ltd. announced that the Board of Directors has appointed Tristan Pascall to the role of Chief Executive Officer (CEO). The
appointment came into effect at the Annual General Meeting (AGM) held today on May 5, 2022. Tristan will also be joining the Board of Directors. First Quantum is also pleased to announce the appointment of Alison Beckett as an independent director on the
Board of Directors. Alison has a career spanning industry and consulting, including procurement and strategy consulting. She is currently Group Talent Director at Ardagh Group and was previously an advisor providing leadership advisory services at Egon Zehnder. Alison holds an MA in Geography from Cambridge University and MBA
from the London Business School.