In the battle of opposites on the Lusaka Capital market, in the second week of March 2023. We see yet another week of the bond market holding dominance as it recorded a 99% score to 1% on the equity market. Bonds of total face value of K915,558,000 were transacted in 38 trades, resulting in a market value sales of K652,484,000. In regards to the equity market Copperbelt Energy Corporation recorded the highest turnover during the week.
In the week ended 10th March 2023, a total of 2,453,843 shares were transacted in 247 trades, yielding a market turnover of K7,709,110.81. Trading activity was recorded in AECI MINING EXPLOSIVES, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, MADISON FINANCIAL SERVICES, PUMA ENERGIES, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO and ZAMSUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,227.17 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings.
Bonds of total face value of K915,558,000 were transacted in 38 trades, resulting in a market value sales of K652,484,000.