In the second week of March 2022, trading on the Lusaka Stock Exchange. We record a productive week as there is more trading activity on the bond market as there are more trades being recorded in comparison to the previous weeks. The bond market dominated the equities market recording a score of 99% to 1% on the equities market which has not occurred in a while.
In the second week of March 2021, the bond market completely dominated the equities market recording a 100% score.
Equity Market
In the week ended 11th March 2022, a total of 1,400,710 shares were transacted in 287 trades, yielding a market turnover of K4,654,757. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, AIRTEL, COPPERBELT ENERGY CORPORATION, CHILANGA CEMENT, PUMA, STANDARD CHARTERED ZAMBIA, ZAMBIAN BREWERIES, ZANACO, ZAMBIA SUGAR, ZAMBIA FORESTRYT CORPORATION, FIRST QUANTUM MINING ZAMBIA and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 6,672.97 points. The market closed on a capitalization of K69,875,594,897 including Shoprite Holdings and K35,092,909,457 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K663,524,000 were transacted in 16 trades, resulting in a market value sales of K351,461,540.
Week two of March 2022 bond trading is the best performing week of the month thus far.