[2007-10-15]  LuSE witnesses K5bn. rise in total turnover
REMARKABLE activity on the Lusaka Stock Exchange (LuSE) saw total turnover rise to over K5 billion, with Zambeef accounting for the bulk of turnover and volume.

According to Lusaka Stock Exchange (LuSE) weekly news update ended October 12, K1, 456,698 shares were transacted in 155 trades resulting in total earnings of K5.61 billion, out of which Zambeef accounted for 958,512 shares worth K5.4 billion.

This trading activity is in comparison with 536,376 shares that were transacted in 109 trades resulting in a total turnover of K191.52 million the previous week.

Last week, overall activity occurred in thirteen listed companies, Zambeef Products, Chilanga Cement, African Explosives Limited (AEL) Zambia, BP Zambia, Investrust Bank and British American Tobacco (BAT).

Others were, Cavmont Capital Holdings, Zambian Breweries, Zambia Sugar, Farmers House, National Breweries, Standard Chartered Bank and Taj Pamodzi Hotel.

The all share index closed at 3,351.89 points up by 1.44 per cent from 3,314.21 points the previous week.

Year to date in Kwacha it was up 82.40 per cent.

In terms of pricing, Zambeef recorded an all time high of K5,600.10 and Chilanga Cement recorded K5,600 after it posted a significant gain of K398.79.

AEL Zambia closed at K1,816 up by K100, BP Zambia and BAT established new highs of K1,002 and K1000.50 and Investrust gained K0.99 to end at K51.99.

There were losses in Cavmont Capital Holdings, which lost K0.28 ending the week at K14.70, Zambian Breweries closed at K2,390 down by K9.99 and Zambia Sugar dropped to K393.90.
























Source: © 2005 Zambia Daily Mail.