In the tale of opposites, the fourth week of March 2020 Corporate bond trading our pattern continues with the bond market completely eclipsing the equities market. with a score of 100% to 0%. Once again the equities market’s glory was short-lived as we saw last week it recorded a score of 12% to 88% which we hoped would have been a turning point for the equities market.
Equity Market Update
In the week ended 27th March 2020, a total of 145,440 shares were transacted in 31 trades, yielding a market turnover of K147,624. Trading activity was recorded in AEL ZAMBIA, CEC ZAMBIA, LAFARGE, ZAMBEEF, ZANACO, ZAMBIA SUGAR, ZAMBIA FORESTRY AND FOREST INDUSTRIES COPORATION and CEC AFRICA on the quoted tier. The Index (LASI) closed at 4,233.35 points. The market closed on a capitalization of K57,245,169,522 including Shoprite Holdings and K23,005,963,542 excluding Shoprite Holdings.
A share price gain of K0.10 was recorded in ZAMBEEF, it recorded the highest turnover for the week.
Bond Market Update 27th March 2020
During the week, bonds of total face value of K56,715,000 were transacted in 15 trades, yielding a market value sales of K29,833,000. The first week of March 2020 Bond trading has thus far been the best performing as it recorded a Total Face Value of K487,260,000 IN 13 trades, yielding a Market value sales of K242,792,000.
Important announcements
ZAMBIA NATIPONAL COMERCIAL BANK PLC
In response to Circular No. 2 of 2020, issued on 18th March 2020 by the Securities and Exchange Commission, on the rapidly escalating health concerns relating to the Corona Virus Disease (COVID-19) and in line with the Lusaka Securities Exchange’s guidance to listed companies to consider postponing the holding of their Annual General Meetings to a later date, as may be allowed or determined by the public health authorities, the Zanaco Plc Board of Directors wishes to postpone the Investor Forum and the 50th Annual General Meeting to a date to be communicated in due course.