[2008-07-09]  Celtel shares top LuSE
CELTEL Zambia Plc contributed almost three quarters of the total trade on the Lusaka Stock Exchange (LuSE) recorded last Friday.

LuSE witnessed an K11.98 billion turnover from Celtel stocks out of the total of K14.86 billion traded on the bourse.

The turnover was from 207 transactions that traded with over 25.29 million shares exchanged hands during the week ended July 4.

Celtel has for the past two consecutive weeks topped the chart in yields, registering K11.98 billion of the total K17.79 billion turnover in the previous week.

According to the LuSE Weekly Stock News for July 4, activity was highest in Celtel Zambia Plc, which transacted 14,397,951 shares worth K11.98 billion in 89 trades.

During the week under review, LuSE witnessed a decline in the all-share index from 4,180.66 points to 4,163.20, translating in a 0.45 per cent drop.

The marginal decline in the index, which measures the performance of stocks on the stock market, was due to the losses in six companies.

The six companies include African Explosive Limited Zambia, BP Zambia, and Copperbelt Energy Corporation.
African Explosives lost K200 to close at K2,000 while BP Zambia lost K100 to close at K800 with CEC losing K5 to close at K535.

Others include ZAMEFA, which lost K49.99 to close at K350, and Zambia Sugar Plc that also lost K4 to close the week at K48.50.

There were share price gains in Zambeef, which closed at K6,999 up, by K48.50 last week. Taj Pamodzi Hotel gained K150 to end the week at K400 while Investrust Bank posted a gain of K2 to close at K52 per share.

Trading activity was also recorded in British American Tobacco, Lafarge Cement Plc, National Breweries, Standard Chartered Bank and Zambian Breweries.

On the quoted share information, LuSE indicates that there was no activity.

Market capitalisation on quoted tier of the market is at K68.49 billion while the overall capitalisation is K25.4 trillion.




Source: © 2005 Zambia Daily Mail.