[2008-07-14]  LuSe index drops as 7 listed companies suffer losses
PRICE losses in seven listed companies contributed to the drop in the share index on the Lusaka Stock Exchange (LuSE) last week, closing at 4,161.00 points from the previous’ 4,162.02 points.

The declining trend in the index, which measures the performance of stocks on the stock market, was due to the losses in seven companies.

According to the LuSE Weekly Stock News for July 11, a total of 17,354,957 shares were transacted in 122 trades resulting in a turnover of K14.80 billion.

However, Zambian Breweries lost K300 to close at K2,000. Zambeef lost K99.00 to close at K6,900 while Lafarge lost K19.50 at a closing trade price of K6,320.50.

Other firms includes, Zambia Sugar which lost K3 to close at K482.00, Celtel lost K5 to close at K810, Cavmont Capital Holdings at K0.50 to close at K11 and British American Tobacco lost K0.10, closing at K1,799.90.

During the week under review, LuSE witnessed share price gains in two companies, Copperbelt Energy Corporation and Standard Chartered Bank.
CEC posted a K5 gain to close at K540 while Stanchart gained K40 ending at K640.

Trading activity was also recorded in other listed companies, which include BP, Investrust Bank and Zamefa.

Bata Zambia recorded two trades, the only company on the quoted tier.




Source: © 2005 Zambia Daily Mail.