In the fourth week of Decembers’ 2020 bond trading on the LuSE, even with only one day recording trades during the week, the bond market completely dominated the equities’ market recording a score of 99% to 1% on the equities market. With on one more week to go to close the final quarter of the year we hope the odds are in favor of the equities market. CAVMONT CAPITAL HOLDINGS ZAMBIA continues to record negative earnings.
Equity Market
In the week that ended 25th December 2020, a total of 269791 shares were transacted in 43 trades, yielding a market turnover of K460,077. Trading activity was recorded in REI ZAMBIA, CAVMONT CAPITAL HOLDINGS ZAMBIA and ZAMBIAN BREWERIES. The Index (LASI) closed at 3,937.22 points. The market closed on a capitalization of K57,616,689,793 including Shoprite Holdings andK23,377,483,813 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K50,070,000 were transacted in 2 trades, resulting in a market value sales of K36,898,310
Important accouchements
Further to the cautionary announcement date 4th September 2020, ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to advise Shareholders and the market that the Company’ discussions with Glencore Finance (Bermuda) Ltd regarding the future of Mopani Copper Mines Plc (“Mopani”) are still in progress which, if successfully concluded may have a material impact on the price of the Company’s securities.
Further to the cautionary announcement by Madison Financial Services PLC (“MFS”) published on SENS dated 8th December 2020, shareholders and the market are hereby advised that Lawrence Sikutwa & Associates Limited (“LSA”) and ZFI Holdings Limited (“ZFI”), the two largest shareholders in MFS, have separately executed Share Purchase Agreements (the SPAs) with XYLEM Trading (Pty) Limited (“XTL”). XTL is therefore in the processes of acquiring the combined shareholding of LSA and ZFI in MFS, which amounts to 72.05 % of the issued ordinary shares of MFS as at the Effective Date, subject to the terms and conditions as set out herein (“the Transaction”).
