In a week that saw a cross over from July to August, the previous month closed trading as the second best performing month, in turnover terms, in 2019 on the equities side of the capital markets with the highest. July also recorded the highest number of shares traded in 2019 thus far. August appears promising for the bond market with an admirable opening week that saw trades that dwarfed July sales.
Equity Markets Summary
In the week ended 2nd August 2019, a total of 65,439 shares were transacted in 80 trades, yielding a market turnover of K108,375. A share price gain of K0.01 was posted in CEC. Trading activity was also recorded in Airtel, Lafarge, PUMA, Standard Chartered Bank, Zambian Breweries and Zanaco Bank.
The LuSE All Share Index (LASI) closed at 4,567.21 points. The market closed on a capitalization of K57,816,096,104 including Shoprite Holdings and K23,576,890,124 excluding Shoprite Holdings.
Bond Markets Summary
During the week, bonds of total face value of K11,575,000 were transacted in 14 trades, yielding a market value sales of K7,311,000. Trading was 28% weaker in sales with 2 less trades recorded.
Weekly Stock Market Diary
Monday 29th July
In 11 trades recorded in the opening day of trading with 3,926 shares were transacted, resulting in a market turnover of K12,493. A share price loss of K0.03 was recorded in CEC Zambia. Trading activity was also recorded in Standard Chartered Bank and Zambian Breweries. The LuSE All Share Index (LASI) closed at 4,551.58 points down by 0.26% from its previous close of 4,563.30 points. The market closed on a capitalization of K57,751,096,080 including Shoprite Holdings and K23,511,890,099 excluding Shoprite Holdings.
Tuesday 30th July
In 4 trades recorded on Tuesday, 17,293 shares were transacted, resulting in a market turnover of K51,215.12. Trading activity was only recorded in ZCCM-Investment Holdings, Zambia Sugar, Pamodzi, Standard Chartered Bank Limited, CEC Zambia and AEL Zambiia. The LuSE All Share Index (LASI) maintained its previous close of 4,563.30 points as they were no price changes. The market remained on a capitalization of K57,799,846,098 including Shoprite Holdings and K23,560,640,118 excluding Shoprite Holdings.
Wednesday 31st July
In 37 trades recorded on Wednesday, 17,610 shares were transacted, resulting in a market turnover of K24,576. A share price gain of K0.01 was recorded in CEC. Trading Activity was also recorded in Lafarge, PUMA, Standard Chartered Bank and Zanaco. The LuSE All Share Index (LASI) closed at 4,567.21 points up by 0.09% from its previous close of 4,563.30 points. The market closed on a capitalization of K57,816,096,104 including Shoprite Holdings and K23,576,890,124 excluding Shoprite Holdings.
Thursday 1st August
No trades recorded
Friday 2nd August
No trades recorded
Share prices
The chart below shows the closing prices of traded securities during the week.
Financial Insight Analysis
CEC Zambia regained its title of most trades and highest turnover at the close of July. Standard Chartered which in recent weeks had seen a surge in performance came in second to the electricity company.
The performance of the equities all share index (LASI) remained fairly flat in July when compared to its tumbling in June. This was due to marginal loses and gains in the securities prices during the month.
July closed with the bond market recording a total traded face value of bonds at K304.1 million with sales of K180.3 million in a total of 78 trades. This was a 30% decrease in sales despite a 70% increase in the number of trades recorded.
August trading opened with zero equity trades in the first two trading days of its first week. On the bond market however, the first week of August trades surpassed all the bond trades on a week by week basis for July 2019. This is indicative of a stronger month that is poised for the bond market.
Important Announcements
There were no important announcements published on the LuSE website as it was undergoing maintenance. Users of the website have had no access to the website since 29th of July. According to sources knowledgeable of the matter, the technical team continues to try and resolve the matter as soon as possible.