In the fourth week of November, as we come towards the close of the month we see more trading activity on the bond market as two consecutive weeks have recorded trades. Although this is progressive for the bond market, it was dominated by the equities market which recorded a score of 97% to 3% on the bond market. In comparison to week four of November 2020 which was the complete opposite recording a 100% surge on the bond market.
Equity Market
In the week ended 26th November 2021, a total of 585,693 shares were transacted in 369 trades, yielding a market turnover of K1,432,621. Trading activity was recorded in AFRICA EXPLOSIVES CORPORATION LIMITED, AIRTEL, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, INVESTRUST, LAFARGE, NATIONAL BREWERIES, STANDARD CHARTERED ZAMBIA, ZAMBEEF, ZAMBIAN BREWERIES, ZAMBIA METAL FABRICATORS, ZANACO and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 5,433.44 points. The market closed on a capitalization of K64,450,188,075 including Shoprite Holdings and K29,667,502,635 excluding Shoprite Holdings.
Bond Market
Bonds of total face value of K114,000 were transacted in 1 trades, resulting in a market value sales of K111,710.
The third week of November bond market trading was the best performing for the month, in comparison to November 2020 with its fourth week as the best performing week of the month.
Important announcements
ZAMBEEF PRODUCTS PLC
The directors recommend that no dividend be paid for the financial year-ending 30 September 2021.
It is noted that in terms of company’s Articles, the company may only declare a dividend if the
directors have recommended a dividend.
ZAMBIA METAL FABRICATORS
RE; CHANGE IN DIRECTIVE
The board of Metal Fabricators of Zambia Plc wish to inform the Securities and Exchange Commission of Zambia of the resignation of Mr Pieter Wouter de Villiers as non executive Director of the company effective 5th November 2021. The board further wishes to inform the SEC of the appointment of Mr Luis Aaron Corte as a non executive Director of the company effective 5th November 2021.