As we enter the second quarter of the year we take a look at how the capital market performed in the first week of April 2023. The bond market recorded a score of 98% to 2% on the equity market which is a come back from its performance of 32% last week. In comparison to week one of April 2022, which recorded a 81% to 19% on the equity market.
Equity Market
In the week ended 6th April 2023, a total of 2,876,102 shares were transacted in 353 trades, yielding a market turnover of K14,119,152.16. Trading activity was recorded AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, NATIONAL BREWERIES, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZAMBIAN BREWERIES, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,922.17 points. The market closed on a capitalization of K75,415,453.,218.77 including Shoprite Holdings and K40,632,767,778.77 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K930,549,000 were transacted in 51 trades, resulting in a market value sales of K619,735,240.