[2007-05-28]  LuSe index keeps on growing


THE Lusaka Stock Exchange (LuSE) all share index closed last week at 2,509.52 points up 2.15 per cent from 2,456.79 points during the week ending May 18, 2007.

According to Lusaka Stock Exchange (LuSE) weekly stock news obtained in Lusaka, the index, which measures the performance of stocks on the stock market, rose due to gains in five listed stocks.

Trading activity occurred in twelve listed companies, African Explosive Limited (AEL), Farmers House, Chilanga Cement, Zambia Sugar, Investrust, Bata, British American Tobacco, BP Zambia, Taj Pamodzi Hotel, Standard Chartered Bank and Zamefa.

A total of 5,369,976 shares were transacted in 65 trades to yield a turnover of K1.07 billion.

This is as compared to 6,025,793 shares that were transacted in 99 trades resulting in a turnover of K1 billion during the week ending May 18.

In terms of price movements, AEL Zambia went up by K50.00 to close at K1, 650.00, Farmers House increased by K15.00 and closed at K1, 450.00, Chilanga Cement closed at K3, 402.80 up K0.10, Zambeef Products went up by K100 and closed at an all time high of K3, 200.00, Zambia Sugar went up by K22.50 and closed at K225.00.

There were losses in Investrust, which went down by K1.50 to end at K33.50, Bata lost K3.40 and ended at K36.50.




© 2005
Source: © 2005 Zambia Daily Mail