[2008-05-13]  Week suffers 0.55 per cent drop
THE Lusaka Stock Exchange (LuSE) witnessed all-share index closed at 3,912.72 points down by 0.55 per cent from 3,934.49 points the week ending May 2, 2008.

At least 3,459,267 shares that were transacted in 204 trades resulting in a turnover of K7.91 billion indicating a notable decline over the previous week’s turnover of K10.76.

According to LuSE weekly update for May 9, trading activity occurred in twelve listed firms, African Explosive Limited (AEL) Zambia, BP Zambia, Cavmont Capital Holdings, Investrust, National Breweries, Standard Chartered Bank and Zambian Breweries.

Transactions were also recorded in British American Tobacco, CEC, Lafarge, Zambeef Products and Zamefa.

In share price movements, AEL Zambia lost K103 Closing at K1,900, BP Zambia closed at K801 down by K99, Cavmont Capital Holdings closed at K11.50 down by K0.50, Investrust dropped to K51.99 and National Breweries closed at K8, 200 down by K90.

Standard Chartered Bank closed at K500 down by K1. Zambian Breweries dropped by K9.99 ending at K2,490.
The index, which measures the performance of stocks on the market, has been dropping recently due to share price losses in some stocks.

However, it is anticipated that the market would perform better in the second quarter of this year.


Source: © 2005 Zambia Daily Mail.