[2008-05-02]  LuSE March turnover declines
TRADING Activity and turnover on the Lusaka Stock Exchange in March declined but the index which measures performance of stock on the market continued to grow.

The turnover declined by K12.3 billion compared to business transactions in February making this the second consecutive month that LuSE has registered a drop in the monthly turnover.

According to LuSE monthly news flash, the turnover in March was K20 billion compared to K32.3 billion in February and K53 billion in January this year.

The news flash indicates that 284,366,289 shares were transacted in 701 trades to yield K20, 029,901,013. In February there were 1,084 trades.
But despite declining activity and the turnover, the index grew from 3,029.72 points to 3,103.05 points the previous month.

In January, the index on the market was 2,363.1 points showing that it has significantly grown since January.

Regarding the market capitalisation, LuSE also recorded a slight increase from K25, 756,492 billion to K26, 299,623 billion during the same period.

Meanwhile the capital market has continued to witness more local participation than foreign participation
Domestic activities were higher with turnover recorded at K12.9 billion (US$3. 4 million) compared to K7 billion (US$1.8 million) in foreign activity.



Source: © 2005 Zambia Daily Mail.