[2007-08-14]  LuSe turnover skyrockets
THE Lusaka Stock Exchange (LuSE) recorded over K67 billion total turnover in June from K6.98 billion recorded in May this year.

According to LuSE Monthly News Flash obtained in Lusaka yesterday,
555 trades were recorded in which 309.9 million shares were transacted yielding K67.7 billion in turnover.

This is compared to 493 trades that were recorded in May, in which 122.1 million shares were transacted to yield a turnover of over K6 billion.

The monthly graph indicates a substantial increase in total turnover for June compared to May.

The graph shows that May registered the highest turnover, with February being second with a turnover of K41 billion while April was third highest this year at K28 billion.

In terms of market capitalisation, there was a slight increase from
K14, 717,916 billion in May to K15, 934,431 billion in June.

This means that the total size of companies, as measured by the value of total shares, that traded on LuSE during the month increased by K1, 216,515 billion.

The LuSE Monthly News Flash also indicates that there was more domestic activity than foreign activity.

Domestic activity was higher recording K66.26 billion (US$ 916,818,378 equivalent) compared to K1.499 billion (US$ 380,491 equivalent) from foreign participation.

There were no repo transactions in the month.
A repo is a repurchase agreement.

It allows an investor to buy bonds and sell the bonds back at convenience or on a fixed date.



Source: © 2005 Zambia Daily Mail.