Weekly Capital Market Review (12th to 16th October 2020)
Economy, Opinion

In the third week of October 2020, we revert back to our old pattern as the equities market was completely dominated by the bond market. Recording a 100% on the bond market to 0% on the equities market.

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Equity Market 

In the week ended 16th October 2020, a total of 32,463 shares were transacted in 66 trades, yielding a market turnover of K92,293. Trading activity was recorded in AEL ZAMBIA, CEC ZAMBIA, LAFARGE, REI ZAMBIA, STANDARD CHARTERED ZAMBIA, ZANACO, ZAMBIA CONSOLIDATED COPPER MINES and ZAMBIA SUGAR. The Index (LASI) closed at 3,806.88 points. The market closed on a capitalization of K55,874,137,545 including Shoprite Holdings and K21,634,931,565 excluding Shoprite Holdings.

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Three weeks into the month of October 2020 trading on the LuSE, we can track The LuSE All Share Index (LASI). Into the first week of this month LASI recorded 3811.81 points. In the second week The LuSE All Share Index closed with 3811.75 points this was a point drop of 0.06 points from the first week. Going into the third week, the week closed off on 3,806.88 points which depicts another point drop from the previous week of 4.87 points. Thus far week on recorded the highest points.

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Bond Market

During the week, bonds of total face value of K160,629,000 were transacted in 10 trades, yielding a market value sales of K83,081,000.

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Week three has been the best performing week thus far.


Important accouchements


Shareholders of CEC Africa Investments Limited PLC (“CECA” or “the Company”) are referred to the announcement published on the Securities Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LuSE”) on 25th August 2020 in compliance with the provisions of the Third Schedule of the Securities (Takeovers and Mergers) Rules, Statutory Instrument No 170 of 1993, (the “Takeovers Rules”), issued pursuant to the Securities Act, No.41 of 2016 (the “Act”), outlining the salient terms and dates of the Mandatory Offer by BP Investments Limited (“BPIL”) to the minority shareholders of the Company.

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