Four weeks into the month of July bond trading on the Lusaka Stock Exchange. This is the third week this month that the bond market has not recorded trades leaving the equities market to completely dominate the bond market recording a score of 100% to 0% which is a complete replica of last week. During the week we see the Kwacha gradually appreciate against the US Dollar as the market closed on an exchange rate of 1 US dollar equivalent to 21.0369 Zambian Kwacha.
In comparison to week four of July 2020 which recorded a 82% on the Bond market to 18% on the equities market.
Equity Market
In the week ended 23rd July 2021, a total of 3,640,396 shares were transacted in 140 trades, yielding a market turnover of K5,391,926. Trading activity was recorded in AIRTEL, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, INVESTRUST, LAFARGE, MADISON FINANCIAL SERVICES, PAMDOZI, REAL ESTATE INVESTMENT ZAMBIA, STANDARD CHARTERED ZAMBIA, SHOPRITE, ZANACO, ZAMBIA FORESTRY and FOREST CORPORATION, FARM PREF and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 4,638.29 points. The market closed on a capitalization of K60,983,663,974 including Shoprite Holdings and K26,200,978,534 excluding Shoprite Holdings.
Bond Market
There were no bonds traded this week.
This is the third week this month that the bond market has not recorded trades throughout the week.
Important announcements
The key highlights of the report are the Loss of K 34 million against a profit of K6 million in 2019. The loss is mainly on
account of the de-recognition of deferred tax in the year, exchange losses experienced and the decline of interest
income due to suspension in lending to one sector due to delayed remittances of loan repayments.
ZAMBIA FORESTRY AND FOREST INDUSTRIES CORPORATION PLC
In accordance with the requirements of the Securities Act 2016 and the Listing Rules of the Lusaka Securities
Exchange, notice is hereby given that the dividend shall be payable to shareholders registered in the
Company’s books at the close of business on Friday 30th July 2021 payable on Tuesday 3rd August 2021. The
transfer books and register will be closed from Wednesday 28th July 2021 to Friday 30th July 2020, both days
inclusive. Therefore, the last trading day to be eligible to receive the dividend is Tuesday 27th July 2021.