Two weeks into January 2023, in the battle of opposites between the equity market and the bond market. There was a 93% score on the bond market to 7% on the equities side.
In the week ended 13th January 2023, a total of 23,034,779 shares were transacted in 531 trades, yielding a market turnover of K26,795,581. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, MADISON FINANCIAL SERVICES, NATIONAL BREWERIES, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,233.16 points. The market closed on a capitalization of K72,416,350,084.85 including Shoprite Holdings and K37,633,664,644.85 excluding Shoprite Holdings.
Bonds of total face value of K574,009,000 were transacted in 48 trades, resulting in a market value sales of K360,291,710.