OF THE total K98.6 million turnover recorded in 11companies on the Lusaka Stock Exchange last week, Metal Fabricators of Zambia (ZAMEFA) contributed a huge chunk of over K98.4 million.

Last week, the local bourse recorded a total of 20,493,324 shares transacted in eight trades, resulting in a market turnover of K98, 602,194.

This is in comparison with a total of 222,530 shares which were transacted in 38 trades, resulting in a market turnover of K274, 453 the previous week, according to the LuSE weekly news update availed to the Daily Mail on Monday.

“Of the total K98, 602,194 turnover last week, ZAMEFA accounted for K98, 439, 858. During the week under review, LuSE recorded trade in 11 firms compared to nine the previous week,” the report reads.

Other firms that recorded activity apart from ZAMEFA, are Zambia Sugar accounted for K40, 349 followed by African Explosives Limited Zambia (AELZ), which stood at K37, 895 and Zambian Breweries at K24, 800.

Among other firms which recorded trading were Airtel, Lafarge, Madison Finance Services and Zambeef Products.
On price share changes, AELZ and British American Tobacco Zambia recorded losses of K1.71 and K1.40 respectively and Standard Chartered Zambia registered a drop of K0.03, while both Copper belt Energy Corporation and Puma share prices dropped by K0.02.

Meanwhile, the LuSE all share-index closed at 4,401.43 points, a decline of 2.30 percent from the previous close of 4,504.83 points.

During the week under review, bonds valued at K783, 000 changed hands in four transactions, yielding market value sales of K687, 000 compared to bonds valued at K1, 531,000 changed hands in a two transactions, yielding market value sales of K1, 032,000 the previous week.

On market capitalisation, the market closed K58.8 billion translating to a marginal reduction from K59.5 billion the previous week.

Source: Daily Mail