Sat, 20 May 2017 10:48:42 +0000
By MAILESI BANDA
A TOTAL of 11 trades were recorded on the Lusaka Stock Exchange (LuSE) and a total of 12,054 shares worth K49, 802 transacted by the close of business on the 18th of May 2017.
The trading occurred in AELZ, BATZ, CEC, MAFS and ZANACO and the LuSE All Share Index (LASI) maintained the previous close of 4,714.05 points as there were no share price changes.
The market remained on a capitalization of K59, 824,429,911 including Shoprite Holdings and K25, 585,223,931 excluding Shoprite Holdings.
The formation of LuSE was part of the Government’s economic reform programme aimed at developing the financial and capital market in order to support and enhance private sector initiative. The Lusaka Securities Exchange is also expected to attract foreign portfolio investment through recognition of Zambia and the region as an emerging capital market with potentially high investment returns.
Another important role of the exchange is to facilitate the divestiture of Government ownership in parastatals and realization of the objectives of creating a broad and wide shareholding ownership by the citizenry via a fair and transparent process.
The Lusaka Stock Exchange market currently has 23 companies listed.