By 
Equity trading on the Lusaka Securities Exchange (LuSE) saw a significant boost during the week of January 3, 2025, with turnover rising to K27.41 million, up from K11.76 million the previous week.
The volume of shares exchanged surged three-fold to 1,448,058 shares, compared to 436,054 shares in the prior week, marking a 133 percent increase in weekly turnover.
According to Zanaco weekly financial market update, 15 companies had their shares traded, with Airtel Networks Zambia and Copperbelt Energy Corporation Zambia (CECZ) dominating the activity.
The two companies accounted for 49.5 percent and 48.4 percent of the turnover, respectively.
In terms of share price movements, Zambia Forestry and Forest Industries Corporation and Zambia Sugar saw gains of K0.03 and K0.09, while CECZ, Standard Chartered Bank, and Zambeef experienced declines of K0.01, K0.15, and K0.01, respectively.
As a result, the LuSE all-share index fell by 0.34 percent , continuing its downward trend for the fifth consecutive week, from 15,439.60 to 15,387.54.
On the money market, liquidity conditions eased for the third consecutive week. Commercial bank current account balances increased by 68.5 percent to K7,223.88 million, the highest in eight weeks.
This improvement was attributed to the lingering effects of public sector spending and government paper maturities, despite contractionary open market operations.
The weighted overnight interbank rate also saw a slight decrease, falling by four basis points to 14.01 percent, compared to the previous week’s 14.05 percent.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments