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Home Opinion Economy

Weekly Stock Market Review (6th to 10th March 2023)

Elizabeth Monga by Elizabeth Monga
March 16, 2023
Reading Time: 2 mins read
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Weekly Stock Market Review (19th to 23rd December 2022)

In the second week of March 2023, there were twelve companies that recorded trades in comparison to this time last year with only ten companies recording trades. Tuesdays’ equity trading was the best performance of the week. Trading activity was recorded in AECI MINING EXPLOSIVES, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, CHILANGA CEMENT, MADISON FINANCIAL SERVICES, PUMA ENERGIES, STANDARD CHARTERED BANK LIMITED, ZAMBIAN BREWERIES, ZAMBEEF, ZANACO and ZAMSUGAR as well as CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,227.17 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings.

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Monday 6th

In 35 trades recorded today, 18,776 shares were transacted resulting in a turnover of K53,545.12. A share price loss of K0.05 was recorded in PUMA ENERGIES. Trading activity was also recorded in AECI MINING EXPLOSIVES, BATA, COPPERBELT ENERGY CORPORATION ZAMBIA, STANDARD CHARTERED BANK LIMITED, ZAMBEEF and ZANACO. The LuSE All Share Index (LASI) closed at 7,343.24 points, 0.08% down from its previous close at 7,348.99 points. The market closed on a capitalization of K72,895,500,022.79 including Shoprite Holdings and K38,112,814,582.79 excluding Shoprite Holdings.

Tuesday 7th

In 149 trades recorded today, 2,168,537 shares were transacted resulting in a turnover of K6,667,354.62. A share price loss of K0.01 was recorded in CHILANGA CEMENT. A share price loss of K0.30 was recorded in STANDARD CHARTERED BANK LIMITED. A share price loss of K0.01 was recorded in ZAMBIA SUGAR. Trading activity was also recorded in BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, PUMA ENERGIES, ZAMBEEF, ZANACO and CEC AFRICA INVESTMENTS on the quoted tier. The LuSE All Share Index (LASI) closed at 7,227.17 points, 1.58% down from its previous close at 7,343.24 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings.

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Wednesday 8th

There were no trades recorded today. The LuSE All Share Index (LASI) maintained its close at 7,227.17 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings.

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Thursday 9th

In 32 trades recorded today, 257,682 shares were transacted resulting in a turnover of K964,859.08. Trading activity was recorded in COPPERBELT ENERGY CORPORATION ZAMBIA, MADISON FINANCIAL SERVICES, ZAMBEEF, and ZANACO. The LuSE All Share Index (LASI) maintained its close at 7,227.17 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings.

Friday 10th

In 30 trades recorded today, 8,848 shares were transacted resulting in a turnover of K23,351.99. Trading activity was recorded in AECI MINING EXPLOSIVES, BATA, BRITISH AMERICAN TOBACCO ZAMBIA, COPPERBELT ENERGY CORPORATION ZAMBIA, PUMA ENERGIES, ZAMBIAN BREWERIES, ZANACO, ZAMBIA SUGAR and CEC AFRICA on the quoted tier. The LuSE All Share Index (LASI) maintained its close at 7,227.17 points. The market closed on a capitalization of K72,390,239,909.89 including Shoprite Holdings and K37,607,554,469.89 excluding Shoprite Holdings. 

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Elizabeth Monga

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