Two weeks into the month of March 2020 trading on the LuSE, we see the bond market revert back to its old pattern of completely dominating the equities market with a score of 100%. Last week we saw a score of 98% to 2% which we thought would be a turning point for the equities market but alas once again it was short lived. While with week two of February equities market performance, we saw something we had not seen before this year as the equities market scored 12% to 88% and hoped the equities market is glory would continue in March.
Equity Market Update
In the week ended 13th March 2020, a total of 23,215 shares were transacted in 26 trades, yielding a market turnover of K26,592. Trading activity was recorded in AEL ZAMBIA, AIRTEL, COPPERBELT ENERGY CORPORATION, LAFARGE, STANDARD CHARTERED BANK LIMITED and ZAMBEEF. The Index (LASI) closed at 4,243.65 points. The market closed on a capitalization of K57,290,027,573 including Shoprite Holdings and K23,050,821,593 excluding Shoprite Holdings.
Bond Market Update 13TH March 2020
During the week, bonds of total face value of K28,042,000 were transacted in 14 trades, yielding a market value sales of K18,810,000. Week two of February 2020 trading on the LuSE out performed March is second week as it recorded a Total face value of K40,192,000 transacted in 17 trades, yielding a market value sales of K27,499,000.
Thus far week one has been the best performing week on the bond market for March 2020 trading.
Important announcements
BATA SHOE COMPANY PLC
Notice is hereby, given that the 58th Annual General Meeting of the shareholders of Zambia Bata Shoe Company Plc will be held on the 30th of March 2020 at the Taj Pamodzi Hotel, Baobab Hall at 10:00hrs.
LAFARGE ZAMBIA PLC
Notice is hereby given that the 28th Annual General Meeting of the members of Lafarge Zambia Plc will be held will be held at 09:00 hours on Tuesday 31st March 2020 at Radis-son Blu Hotel, Lusaka to transact the following business.
REAL ESTATE INVESTMENTS ZAMBIA PLC
In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Real Estate Investments Zambia PLC (“the Group”) that for the year ended 31 December 2019, the basic earnings per share is expected to be 600% higher than the basic earnings per share for the year ended 31 December 2018.
REAL ESTATE INVESTMENTS ZAMBIA PLC
In compliance with the requirements of the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange, Real Estate Investments Zambia PLC (REIZ) announces the results of the Company and its subsidiaries (collectively referred to as the Group) for the year ended 31 December 2019. These results are derived from the Group’s audited financial statements which were approved by the Directors at a Board Meeting held on 25 February 2020.
ZAMBEEF PRODUCTS PLC
Further to the Company’s announcement of 17 September 2019, Zambeef, the fully integrated cold chain food processing and retailing group with operations in Zambia, Nigeria and Ghana, announces that it has entered into an Addendum Agreement extending the Completion/LongStop date for the Sinazongwe Farm disposal (the “Transaction”) from 15 March 2020 to 7 April 2020 (the “Extension”). It is the Company’s expectation though that the Transaction will complete in advance of the Extension
