Two weeks into the month of February 2020 trading on the LuSE, we see something that we haven’t seen this year thus far. The bond market doesn’t completely eclipse the equities market as it did in the previous weeks of scoring a 100% to 0%. The bond market still dominates the equities market but this week we see a slight change as the equities market scored a 12% to 88% although it being a slight increase it is quite significant as it is the best we have seen this year.
Equity Market Update
In the week ended 14th February 2020, a total of 2,255,491 shares were transacted in 38 trades, yielding a market turnover of K3,867,907. Trading activity was recorded in COPPERBELT ENERGY CORPORATION, LAFARGE, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZAMBIA BREWERIES, ZANACO, and ZAMBIA SUGAR. The LuSE All Share Index (LASI) closed at 4,254.82 points. The market closed on a capitalization of K57,338,664,618 including Shoprite Holdings and K23,099,458,638 excluding Shoprite Holdings.
Bond Market Update 14th February 2020
During the week, bonds of total face value of K40,192,000 were transacted in 17 trades, yielding a market value sales of K27,499,000.
Week two of February 2020 trading on the LuSE has been the best performing week thus far in Total Face Value, number of trades and Market Value sales.
Important Announcements
ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC
Following the offer made to the public with regard to the sale of new ordinary shares by Zambia Forestry and Forest Industries Corporation PLC (“ZAFFICO”), which offer closed on 29th January 2020, ZAFFICO is pleased to announce that its ordinary share capital consisting of 400,000,000 Ordinary Shares, has today been admitted to listing on the Official List of the Lusaka Securities Exchange PLC’s main market for listed shares under the Share code “ZFCO” and ISIN “ZM0000000524”.
