[2007-07-18]  LuSE records K6.98bn. turn over
THE Lusaka Stock Exchange (LuSE) recorded a K6.98 billion total turnover in May from K28.18 billion recorded in April this year.

According to LuSE MonthlyNews Flash obtained in Lusaka yesterday, 493 trades were recorded in May, in which 122,189,819 shares were transacted to yield over K6 billion.

This is compared to 352 trades that changed hands in 639,291,091 shares resulting in over K28 billion during the month ending April.

The monthly news flash indicates a huge decline in total turnover for the month of May, despite the number of trades increasing by 141 trades.

The graph shows February as having registered the highest turnover at K41 billion with April being the second highest this year.

In terms of foreign and domestic participation, LuSE registered more domestic activity than foreign activity. The domestic activity was higher recording K4.72 billion (US$1,160,278 equivalent) compared to K2.26 billion (US$557,109 equivalent) in foreign activity.

There was also a slight increase in market capitalisation from K14, 262,879 billion in April to K14, 717,916 billion in May.

This means that the total size of companies that traded on LuSE during the month increased by K455 037 million.

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.


© 2005
Source: © 2005 Zambia Daily Mail.