In the first week of February 2021 bond trading on the LuSE, Week one is a complete replica of the first week of February 2020 bond trading as the equities market recorded a 100% to 0%. The equities’ market continue to record meagre scores as most of the companies continue to record negative earnings.
Equity Market
In the week ended 5th February 2021, a total of 51,003 shares were transacted in 39 trades, yielding a market turnover of K77,148. Trading activity was recorded in AEL ZAMBIA, AIRTEL, BATA, CEC ZAMBIA, LAFARGE, PUMA, STANDARD CHARTERED ZAMBIA, ZANACO, ZAMBIA CONSOLIDATED COPPER MINES and ZAMBIA SUGAR. The Index (LASI) closed at 3,904.59 points. The market closed on a capitalization of K57,319,772,494 including Shoprite Holdings and K23,086,001,309 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K107,998,000 were transacted in 31 trades, resulting in a market value sales of K63,697,000.
Important announcements
In compliance with section 3.59 (b) of the Lusaka Securities Exchange Limited’s Listings Requirements, the Board of Directors (“the Board”) of Zambeef Products Plc (“the Company”) wishes to announce the resignation of Mr. Danny Museteka as Company Secretary with effect from 1 February, 2021.
First Quantum Minerals Limited
Toronto, Ontario (January 28, 2021) – First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) will release fourth quarter and full year 2020 financial and operating results on Tuesday, February 16, 2021 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, February 17, 2021 at 9:00 am (ET).
RESOLVED Prima Re will change its name to Zambia Reinsurance PLC (“ZAMBIA RE”). Registration with the Patents and Companies Registration Agency (“PACRA”) The new name of the Company, Zambia Reinsurance PLC, has been registered with PACRA as of 31st July, 2020. Effective Date of the change of name on the LuSE The new name will come into effect on the LuSE on Monday, 15th February, 2021.
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of Pamodzi Hotels PLC will be held at the Taj Pamodzi Hotel, Church Road, Lusaka and will also be held electronically and concurrently via Microsoft Teams Videoconferencing on Friday 26 th February 2021 at 11.00 hours to transact the following business: