[2007-08-20]  LuSE tradind activity raises K3bn.
IMPRESSIVE trading activity on the Lusaka Stock Exchange (LuSE) last week saw total turnover on the exchange rise to over K3 billion.

According to LuSE Stock News obtained in Lusaka, 20,858,806 shares were transacted in 177 trades resulting in a turnover of K3.17 billion during the week ending August 17.

This is compared to 13,378,712 shares that were transacted in 204 trades yielding a turnover of K497.10 million during the week ending August 10.

Trading activity occurred in 15 listed companies, British American Tobacco (BAT), Chilanga Cement, Cavmont Capital, Zambeef Products, Zambia Sugar, Bata Shoes and BP Zambia.

Others were National Breweries, Investrust Bank, African Explosives Limited (AEL) Zambia, Farmers House, Pamodzi Hotel, Zamefa, Standard Chartered Bank and Zambian Breweries.

All time highs were recorded in BAT closing at K750, Chilanga Cement recorded K4, 170.10, and Cavmont Capital hit K25 but ended the week at K19.99.

Other gains were in Zambeef Products and Zambia Sugar, which recorded a gain of K0.30 each to end the week at K5, 000.30 and K380 respectively.

Bata was up by K6.50 ending at K36.50 and BP Zambia closed at K699.89 up by K93.79.

However, National Breweries lost K1.00 to close at K8,201, and Investrust Bank was down by K2.00 ending at K60.

The index, which measures the performance of stocks on the stock market, gained to close the week at 3,131.85 points from 3,112.05 points recorded the previous week ended August 10.

Recently, the LuSE was reported to be the best performing market in Africa having posted substantial gains in share prices and the index since January 2007.



Source: © 2005 Zambia Daily Mail.