In the battle of opposites as we come to the close of the fourth quarter of the year. The equities’ market records a score of 8% to 92% on the bond market. 2020 was generally a rough year, more especially for the equities market as it lost a lot of revenue due to production costs, devaluation of the Zambian kwacha against the US Dollar as well as the global pandemic, though most companies lost revenue and recorded negative earnings per share, some companies securities recorded profits.
Equity Market
In the week that ended 31st December 2020, a total of 1,053,601 shares were transacted in 133 trades, yielding a market turnover of K1,206,472. Trading activity was recorded in REI ZAMBIA, CAVMONT CAPITAL HOLDINGS ZAMBIA, STANDARD CHARTERED BAMK ZAMBIA, ZAMBIA CONSOLIDATED COPPER MINES, LAFARGE, ZAMBEEF and ZAMBIAN BREWERIES. The Index (LASI) closed at 3,912.33 points. The market closed on a capitalization of K57,508,103,642 including Shoprite Holdings and K23,263,897,662 excluding Shoprite Holdings. Throughout the year the equities market roughly lost revenue of -8.266%
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
The third week of December out performed all the other weeks.
Important accouchements
First Quantum Minerals Limited
TORONTO, Ontario (December 21, 2020) – First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) is pleased to announce the appointment of Mr. Tristan Pascall as Chief Operating Officer, effective January 1, 2021. In addition, Mr. Clive Newall, one of the founders of the Company, has decided that, after nearly twenty-five years of dedication and commitment to First Quantum, he will step back from his executive position but will remain as a Director