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Home Opinion Economy

Weekly Stock Market Review (27th February to 3rd March 2023)

Elizabeth Monga by Elizabeth Monga
March 15, 2023
Reading Time: 3 mins read
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Weekly Stock Market Review (19th to 23rd December 2022)

In the final week of February and beginning of March 2023, there were fourteen companies that recorded trades of which AECI Mining Explosives was the highest priced.  In comparison to week one of March 2023which recorded ten companies with AECI Mining Explosives as the highest priced. Trading activity was recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGS, ZAMBEEF, ZAMBIA METAL FABRICATORS, ZANACO and ZAMBIA SUGAR as well as CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) closed at 7,348.99 points. The market closed on a capitalization of K72,920,500,022.79 including Shoprite Holdings and K38,137,814,582.79 excluding Shoprite Holdings.

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Monday 27th February

In 46 trades recorded today, 46,899 shares were transacted resulting in a turnover of K478,709.60. Trading activity was recorded in AIRTEL NETWORKS ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, STANDARD CHARTERED BANK LIMITED, ZAMBEEF, ZANACO and ZAMBIA SUGAR. The LuSE All Share Index (LASI) maintained its close at 7,249.62 points. The market closed on a capitalization of K72,487,995,255.28 including Shoprite Holdings and K37,705,309,815.28 excluding Shoprite Holdings.

Tuesday 28th February

In 107 trades recorded today, 35,528 shares were transacted resulting in a turnover of K123,365.47. A share price loss of K0.01 was recorded in CEC AFRICA INVESTMENTS. Trading activity was also recorded in AECI MINING EXPLOSIVES, AIRTEL NETWORKS ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, PUMA ENERGY, ZAMBEEF and ZANACO. The LuSE All Share Index (LASI) maintained its close at 7,249.62 points. The market closed on a capitalization of K72,487,995,255.28 including Shoprite Holdings and K37,705,309,815.28 excluding Shoprite Holdings.

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Wednesday 1st March

In 81 trades recorded today, 68,666 shares were transacted resulting in a turnover of K120,728.16. A share price gain of K0.04 was recorded in ZANACO. Trading activity was also recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, PUMA ENERGY, STANDARD CHARTERED BANK LIMITED and ZAMBEEF. The LuSE All Share Index (LASI) closed at 7,262.89 points, 0.18% up from its previous close at 7,249.62 points. The market closed on a capitalization of K72,545,745,256.93 including Shoprite Holdings and K37,763,059,816.93 excluding Shoprite Holdings.

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Thursday 2nd March  

In 68 trades recorded today, 1,638,557 shares were transacted resulting in a turnover of K6,159,674.46. A share price gain of K0.22 was recorded in STANDARD CHARTERED BANK LIMITED. A share price gain of K0.01 was recorded in ZAMBIA METAL FABRICATORS. A share price gain of K0.01 was recorded in ZAMBIA SUGAR. Trading activity was also recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, PUMA ENERGY, ZAMBIAN BREWERIES, ZCCM INVESTMENT HOLDINGS, ZAMBEEF, ZANACO and in CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,347.93 points, 1.17% up from its previous close at 7,262.89 points. The market closed on a capitalization of K72,915,917,470.79 including Shoprite Holdings and K38,133,232,030.79 excluding Shoprite Holdings.

Friday 3rd March

In 97 trades recorded today, 20,028 shares were transacted resulting in a turnover of K86,299.45. A share price gain of K0.35 share price gain of K0.35 was recorded in AIRTEL NETWORKS. A share price gain of K0.02 was recorded in BATA. A share price loss of K0.02 was recorded in STANDARD CHARTERED BANK LIMITED. Trading activity was also recorded in AECI MINING EXPLOSIVES, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO, ZAMBIA SUGAR and in CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,348.99 points, 0.01% up from its previous close at 7,347.93 points. The market closed on a capitalization of K72,920,500,022.79 including Shoprite Holdings and K38,137,814,582.79 excluding Shoprite Holdings.

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Elizabeth Monga

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