In the first week of November and close of October 2022, trading on the Lusaka Securities Exchange yet another mundane week. As yet again the bond market holds it’s glory by recording a 100% score. In comparison to week one of November 2021 we see the complete opposite as it was the equity market dominating the capital market with a 100% score. There wa\s very minimal bond trading around this time last year.
Equity Market
In the week ended 4th November 2022, a total of 581,007 shares were transacted in 332 trades, yielding a market turnover of K1,391,167. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, COPPERBELT ENERGY CORPORATION ZAMBIA, INVESTRUST BANK, CHILANGA CEMENT, TAJ PAMDOZI HOTELS, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZAMBIAN BREWERIES, ZANACO, ZAMBIA SUGAR and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,233.54 points. The market closed on a capitalization of K72,417,985,445.77 including Shoprite Holdings and K37,635,300,005.77 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K640,846,000 were transacted in 42 trades, resulting in a market value sales of K372,471,570.
