In the battle of opposites between the bond market and equity market on the Capital markets, we see how the two performed in the third week of June 2023. The bond market recorded a 99% to 1% on the equity market. Taking a look back around this time last year we see the bond market recorded a 60% to 40% on the equity market. Regarding the equity market Chilanga Cement recorded the highest turnover during the week.
Equity Market
In the week ended 9th June 2023, a total of 226,233 shares were transacted in 399 trades, yielding a market turnover of K1,355,026.52 . Trading activity was recorded AECI MINING EXPLOSIVES, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, INVESTRUST BANK LIMITED, TAJ PAMDOZI HOTELS, PUMA ENERGIES, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERD BANK LIMITED , ZAMBIAN BREWERIES, ZAMBEEF, ZAMBIA METAL FABRICATORS, ZAMBIA REINSURANCE, ZANACO, ZAMBIA SUGAR and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 8,188.98 points. The market closed on a capitalization of K76,576,830,373.94 including Shoprite Holdings and K41,794,144.933.94 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K197,826,000 were transacted in 39 trades, resulting in a market value of K125,915,570.