Trading at Securities Exchange All Share Index rise quickest in 17 weeks

The Lusaka Securities Exchange (LuSE) All Share Index (LASI) rose quickest in 17 weeks by 2.62 percent to a fresh record high of 13, 871.62.

This was from 13,517.19 recorded the week before, according to the weekly financial markets update.

“A total of 15 different companies had their shares traded, but activity was dominated by Airtel Networks, Copperbelt Energy Corporation Zambia, Zambeef, ZANACO, Real Estate Investment Zambia and Standard Charted Bank, with respective turnover proportions of 54.1 percent, 22.9 percent, 9.9 percent, 5.3 percent, 3.3 percent and 1.7 percent,” the update stated.

During the course of the week, six companies posted share price movements comprising four gainers and two decliners.

The gainers were Copperbelt Energy Corporation Zambia, ZCCM Investment Holdings, Zambeef and Puma with share prices increases of K0.11, K6, K0.04 and 0.04, respectively.

Losers, on the other hand, was ZANACO and Chilanga Cement, with a share price decrease of K0.02 and K0.06.

The update also indicated that equity trading activity on the LuSE was upbeat last week following a period of slowed down performance.

The volume of shares that exchanged hands in 577 trades rose quickest in five weeks by 35.9 percent to 326,654 from 240, 306.

Consequently, the weekly turnover of traded shares jumped quickest in five weeks by 149.6 percent to a three-week high of K2.50 million from K1.0 million the previous week.

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