In the third week of May 2023, trading on the Lusaka Stock exchange. Yet another week of the bond market holding its dominance as it recorded a 100% score. Around this time last year the equity market recorded a 68% score to 32% on the bond market. Regarding the equity market Copperbelt Energy Corporation recorded the highest turnover during the week.
In the week ended 12th May 2023, a total of 974,051 shares were transacted in 374 trades, yielding a market turnover of K4,217,470.36. Trading activity was recorded AECI MINING EXPLOSIVES, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZAMBIA REINSURANCE, ZANACO, ZAMBIA SUGAR and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 8,150.79 points. The market closed on a capitalization of K76,410,598,978.90 including Shoprite Holdings and K41,627,913,538.90 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K2,101,758,000 were transacted in 54 trades, resulting in a market value of K1,531,571,260.