LuSE traded shares drop

Lusaka Stock Exchange - luse
Lusaka Stock Exchange - luse

THE Lusaka Stock Exchange (LuSE) recorded a reduction in the number of shares transacted on the local bourse resulting in turnover dropping from over K560,000 to about K130,000 the previous week.
Last week, overall trading occurred in 10 firms with a total of 127,672 shares worth K134,826 in 70 transactions.
According to the LuSE weekly news update for November 13, this is in comparison with a total of 287,796 shares worth K564,386 which were transacted in 63 trades the previous week.
Of the total trade, Copperbelt Energy Corporation (CEC) accounted for the bulk the business with K55,194 followed by Madison Finance Services which recorded K36,593. Standard Chartered Bank and Zambian Breweries registered K16,772 and K12,815, respectively.


Other firms that participated in trade activity were Atel (formerly Celtel), Investrust, Lafarge, Pamodzi, Real Estate Investment Zambia and Zanaco Bank.
However, there was share price losses of K0.01 each recorded by CEC and Madison Finance Services.
Meanwhile, the LuSE all-share Index closed the week at 5,759.67 points, down by 0.07 percentage point compared to the previous week’s close of 5,763.75 points.
During the week under review, bonds valued at K193,850,000 changed hands in four trades, yielding market values sales of K123,429,590, while the previous week there was no bonds trade .