In the final week of the month it has been three consecutive weeks where the bond market has not recorded trades. The equities market recorded a 100% score to 0% on the bond market.
Equity Market
In the week ended 30th July 2021, a total of 412,117 shares were transacted in 153 trades, yielding a market turnover of K1,296,512. Trading activity was recorded in AIRTEL, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION, INVESTRUST, LAFARGE, MADISON FINANCIAL SERVICES, PAMDOZI, STANDARD CHARTERED ZAMBIA, SHOPRITE, ZAMBEEF, ZAMBIAN BREWERIES and ZANACO. The LuSE All Share Index (LASI) closed at 4,682.42 points. The market closed on a capitalization of K61,176,243,852 including Shoprite Holdings and K26,393,558,412 excluding Shoprite Holdings.
Shoprite Holdings recorded the highest Market Capitalization.
Bond Market
There were no bonds traded this week.
Important announcements
MADISON FINANCIAL SERVICES PLC
Shareholders are referred to the First Cautionary Announcement issued on 3April 2020 and the
subsequent Further Cautionary Announcements wherein the Board of Directors of Madison
Financial Services PLC (“the Board”) (“MFS” or “the Company” or “the Group”) informed the
shareholders and the market that the Board and Management of MFS have a general mandate to
explore and identify specific assets that would be earmarked and considered for disposal by the
Company to raise capital to meet some of the Group’s liabilities.