[2007-07-23]  LuSE all-share index closes week up 2.2%
THE Lusaka Stock Exchange (LuSE) all-share index closed the week at 3, 058.20 points up 2.29% per cent from 2,989. 59 points during the week ending July 13, recording a 3,000 points mark for the first time.

The index also rose by 66.42 per cent in Kwacha terms and 77.68 per in dollar terms on a year-to-year basis.

According to LuSE Weekly Stock News obtained in Lusaka for the week ended July 20, the index, which measures the performance of stocks on the stock market, rose due to share price gains in six listed firms.

Last week trading activity occurred in 14 listed stocks, British American Tobacco (BAT), Cavmont Capital Holdings, Chilanga Cement, National Breweries, Zambeef Products, Zambia Sugar, Standard Chartered Bank and
Investrust Bank.

Trading activity was also recorded in BP Zambia, Farmers House, AEL Zambia, Shoprite, Zambian Breweries and Bata.

A total of 14,880,749 shares were transacted in 153 trades resulting in a total turnover of K1.89 billion compared to 8,197,800 shares that were transacted in a record 208 trades yielding in a booming turnover of K4.68 billion.

In terms of pricing, BAT gained K9.60 and ended at K660.10, Cavmont Capital Holdings gained K1.00 and closed at K13.00, Chilanga Cement went up by K191.50 ending at an all time high of K4, 002 and National Breweries gained K101.90 and closed at K8, 202.00.

Others were Zambia Sugar, which recorded a gain of K28.00 and closed at K378 and Zambeef Products posted a K25.10.00 gain to end the week K4, 900.10.

There were loses in Standard Chartered Bank of K14 to end the week at K420 and Investrust Bank of K4.00 to close at K60.00.


© 2005
Source: © 2005 Zambia Daily Mail.