[2007-10-24]  LuSE monthly turnover declines
TRADING activity on the Lusaka Stock Exchange (LuSE) recorded a decline in total turnover from K23.6 billion in July to K18.6 billion in August this year.

This is the third consecutive monthly decline in turnover from June when turnover fell from K67.76 million, to K23.68 billion in July and K18.66 million in August.

According to LuSE, Monthly News Flash, however, the index that measures performance of stocks, has been growing.

The index grew from 3,001.54 points in June to 3,064.58 points in July and 3,080.91 points in August.
Statistics for the month of September were yet to be compiled.

LuSE noted that 60.92 million shares were transacted in 764 trades yielding over K18 billion in August.
This is in comparison with 117.95 million shares that changed hands in 673 trades resulting in K23.68 in July.

In terms of foreign and domestic participation, LuSE registered more domestic activity than foreign activity.

The domestic activity was higher with turnover being recorded at K10.50 billion (US$2,563,325 equivalent) compared to K8.15 billion (US$1,990,031equivalent) in foreign activity.

LuSE statistics further highlighted a slight increase in market capitalisation from K16, 089,448 billion recorded in July to K17, 716,551 billion in August.

There were no repo transactions in the month.
A repo is a repurchase agreement, it allows an investor to buy bonds and sell back at convenience or on a fixed date.



Source: © 2005 Zambia Daily Mail.