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Home Opinion Economy

Weekly Stock Market Review (15th to 19th May 2023)

Elizabeth Monga by Elizabeth Monga
May 22, 2023
Reading Time: 2 mins read
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Weekly Stock Market Review (19th to 23rd December 2022)

In the third week of May 2023, there were twelve company securities that recorded trades of which Shoprite Holdings was the highest priced security. In comparison to week three of May 2022, we see fourteen companies recorded trades with ZCCM Investment Holdings as the highest priced company security. Thursday’s equity trading was the best performance of the week. Trading activity was recorded COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, TAJ PAMDOZI HOTELS, PUMA ENERGIES, REAL ESTATE INVESTMENT HOLDINGS ZAMBIA, STANDARD CHARTERED BANK LIMITED, SHOPRITE HOLDINGS, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGS, ZAMBEEF, ZANACO, ZAMBIA SUGAR and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 8171.21 points. The market closed on a capitalization of K76,499,456,280.97 including Shoprite Holdings and K41,716,770,840.97 excluding Shoprite Holdings.

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Monday 15th

In 34 trades recorded today, 5,016 shares were transacted resulting in a turnover of K16,528.08. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, ZAMBEEF and ZANACO as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) maintained its close at 8,150.79 points. The market closed on a capitalization of K76,410,598,978.90 including Shoprite Holdings and K41,627,913,538.90 excluding Shoprite Holdings.

Tuesday 16th

In 160 trades recorded today, 70,075 shares were transacted resulting in a turnover of K250,021.20. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, STANDARD CHARTERED BANK LIMITED, REAL ESTATE INVESTMENT ZAMBIA, ZAMBEEF and ZANACO. The LuSE All Share Index (LASI) maintained its close at 8,150.79 points. The market closed on a capitalization of K76,410,598,978.90 including Shoprite Holdings and K41,627,913,538.90 excluding Shoprite Holdings.

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Wednesday 17th

In 56 trades recorded today, 62,578 shares were transacted resulting in a turnover of K209,346.86. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, TAJ PAMDOZI HOTELS, PUMA ENERGIES, STANDARD CHARTERED BANK LIMITED, SHOPRITE HOLDINGS, ZAMBEEF, ZANACO and ZAMBIA SUGAR. The LuSE All Share Index (LASI) maintained its close at 8,150.79 points. The market closed on a capitalization of K76,410,598,978.90 including Shoprite Holdings and K41,627,913,538.90 excluding Shoprite Holdings.

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Thursday 18th

In 84 trades recorded today, 117,091 shares were transacted resulting in a turnover of K272,628.96. A share price increase of K0.01 was recorded in STANDARD CHARTERED BANK LIMITED. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, TAJ PAMDOZI HOTELS, ZAMBEEF and ZANACO. The LuSE All Share Index (LASI) closed at 8,154.62 points, 0.05% higher than its close previous at 8,150.79 points. The market closed on a capitalization of K76,427,268,778.90 including Shoprite Holdings and K41,644,583,338.90 excluding Shoprite Holdings.

Friday 19th

In 115 trades recorded today, 27,411 shares were transacted resulting in a turnover of K114,570.07. A share price increase of K0.05 was recorded in ZANACO. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, TAJ PAMDOZI, PUMA ENERGIES, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGS, ZAMBEEF and ZAMSUGAR. The LuSE All Share Index (LASI) closed at 8,171.21 points, 0.20% higher than its close previous at 8,154.62 points. The market closed on a capitalization of K76,499,456,280.97 including Shoprite Holdings and K41,716,770,840.97 excluding Shoprite Holdings.

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Week Two of May 2023, has been the best performing week of the month thus far.

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Elizabeth Monga

Elizabeth Monga

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