The dominance of the corporate bond market continues to prevail in the second week of trading on the LuSE in the first month of 2020
Equity Market Update
In the week ended 10th January 2020, a total of 9,016 shares were transacted in 55 trades, yielding a market turnover of K27,649. Trading activity was recorded in AEL ZAMBIA, CEC ZAMBIA, LAFARGE, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZANACO, ZAMBIA BREWIERS and ZAMBIA SUGAR. The LuSE All Share Index (LASI) closed at 4,256.69 points. The market closed on a capitalization of K56,523,055,412 including Shoprite Holdings and K22,283,849,432 excluding Shoprite Holdings.
Bond Market Update 10th January 2020
During the week, bonds of total face value of K65,888,000 were transacted in 24 trade, yielding a market value sales of K44,082,000.
Important Announcements
FIRST QUANTUM MINERALS ANNOUNCES SENIOR NOTES OFFERING
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) today announced that it is launching an
offering of an additional $300 million principal amount of its Senior Notes due 2023 (the “Additional 2023 Notes”). The
Company currently has $1.1 billion of Senior Notes due 2023 (the “Existing 2023 Notes”) outstanding and the Additional
2023 Notes will be offered under the same indenture as the Existing 2023 Notes.
