In a combined week of February and March 2023 on the Lusaka Securities Exchange there was minimal trading activity on the equities market as it was overshadowed by the bond market which recorded a 99% score. In comparison to week one of march 2022 we see the equity market record a 44% score to 56% on the bond market.
Equity Market
In the week ended 3rd March 2023, a total of 1,809,678 shares were transacted in 399 trades, yielding a market turnover of K6,968,776.54. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGS, ZAMBEEF, ZAMBIA METAL FABRICATORS, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 7,348.99 points. The market closed on a capitalization of K72,920,500,022.79 including Shoprite Holdings and K38,137,814,582.79 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K816,470,000 were transacted in 68 trades, resulting in a market value sales of K557,558,630.
