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[2007-05-14] LuSE records trade increase
THE Lusaka Stock Exchange (LuSE) all share index closed the week at 2,405.03 points up 2.60 per cent from 2,344.10 points recorded during the week ending May 4, 2007.
According to LuSE Weekly StocK News obtained in Lusaka for week ended May 11, the index, which measures the performance of stocks on the stock market, rose due to share price gains in five listed firms.
Last week, trading activity occurred in nine listed stocks, BP Zambia, National Breweries, Standard Chartered Bank, Zambia Sugar and Investrust Bank.
Others were African Explosives Limited, Pamodzi Hotel, Zamefa and Zambian Breweries.
A total of 12,634,716 shares were transacted in 129 trades yielding a total turnover of K1.06 billion.
This is in comparison with a total of 5,342,505 shares that were transacted to result in a total turnover of K300.97 million during the week ending May 4.
The price movements were recorded in BP Zambia, which gained K1.00 and closed at K501.00, National Breweries went up by K1.00 and closed at K6,811.00.
Standard Chartered Bank posted a gain of K15 to end at K410, Zambia Sugar rose by K16.10 to close at an all time of K201.10 while Investrust Bank recorded a marginal gain of K0.10 to close at K30.10.
There were no losses recorded during the week.
copyright(c)2007 Source: copyright(c)2007 Daily news
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