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LuSE in K31bn boom

By NKOLE CHITALA

Lusaka City

THE Lusaka Stock Exchange (LuSE) has recorded a substantial increase in turnover from K16.6 billion in September to K31.3 billion in October, 2011.

However, the index declined to 3,742.00 points in October from 3,823.12 points recorded in September, 2011.
The index, which measures performance of stocks on the stock market, dropped mainly due to share price losses in most listed firms.

According to LuSE monthly News Flash for October, 2011, over 179.1 million shares were transacted in 541 trades yielding K31.3 billion.

A summary of trading statistics indicate that overall, trading activity occurred in 18 listed firms with Zanaco having transacted the highest in terms of turnover amounting to K13.1 billion, seconded by Zambeef which raked in K7.1 billion and African Explosives recording K3.1 billion respectively.

Other transactions occurred in Bata Shoe Company, Puma Zambia, British American Tobacco, Cavmont Holdings, Copperbelt Energy Corporation, Lafarge, Farmers House, Investrust Bank, National Breweries, Pamodzi Hotel and Shoprite.
Transactions also occurred in Metal Fabricators of Zambia, Zambia Sugar, Zambian Breweries and Zanaco.

In terms of domestic and foreign participation on LuSE, there were more foreign activity, with K19.6 billion (US$3.9 million dollar) than domestic activity which recorded K11.7 billion (US$2.3 million).

And market capitalisation in October slightly reduced to K44.4 billion from K44.6 billion September, 2011.
A market sectoral analysis shows that companies presently trading on the local bourse cover 11 sectors namely; manufacturing, hospitality, oil marketing, investment retail trading, agriculture, banking, property energy and mining.

The current weighting of all companies and sectors in terms of market capitalisations as at October 31, 2011 shows that all the 21 listed companies amounted to US$8,926 with 19.8 billion shares in the central shares depository representing 40.73 percent.

Category : Business.
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Comment:

One response to “LuSE in K31bn boom”

  1. Feranmi says:

    Jonathan Reading your post brought tears to my eyes. I have known that AIDS/HIV is an edeimnc problem on the African continent for decades, but I have never personally known someone that has experienced it themselves in Africa. It is both frustrating and so sad to read your post and see how an already life-threatening disease is complicated and made worse by the lack of enough food. I am sure that your time in Zambia, and everything you are experiencing will stay with you forever. Take care Jonathan. Nanette Walden

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