The first quarter of 2023 saw ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) stocks underperform by a 21.14% average when compared to the Markets on which it is listed. ZCCM-IH has its primary listing on the Lusaka Securities Exchange (“LuSE”), and secondary listings on the Euronext Access in Paris, and the London Stock Exchange (“LSE”).
The Table below shows the Company’s stock performance on the three (3) listings:
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ZCCM Investments Holdings Plc |
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Quarterly Stock Performance (Q1 2023) |
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Stock Exchange |
Opening Price |
Closing Price |
Variance |
Variance |
Trade Volume |
Trade Volume |
Turnover |
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(Currency) |
(Currency) |
(Currency) |
(Percentage) |
(Stock Units) |
(Transactions) |
(Currency) |
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LuSE |
ZMW 37.98 |
ZMW 37.98 |
ZMW 0.00 |
0.00% |
3,370 |
26 |
ZMW 127,992.60 |
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Euronext Access |
EUR 1.48 |
EUR 1.27 |
-EUR 0.21 |
-14.19% |
145,712 |
239 |
EUR 194,944.00 |
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LSE |
USD 1.65 |
USD 1.65 |
USD 0.00 |
0.00% |
0 |
0 |
USD 0.00 |
- LuSE Stock Performance Review
Share price on the LuSE opened and closed at ZMW37.98 (USD1.77) per share, which was also the high and the low for the quarter, representing a 0.00% change in share price for the period. 3,370 shares exchanged hands in 26 trades for a turnover of ZMW127,992.60 (USD5,980.90).
The LuSE All Share Index (“LASI” or “the Market”) shows that the Market was up by 6.83% as at the end of the quarter. When compared to the movement of the Market during the period, ZCCM-IH stock value trading on the LuSE underperformed by 6.83%, having not appreciated in value, while the market moved up by the latter percentage.
Market capitalisation for LuSE traded ZCCM-IH stock stood at ZMW5,692,746,809.70 (approximately ZMW5.7 billion or USD266 million) as at the end of the period. Note that the exchange rate used is at the conclusion of trade for the period.
- Euronext Access Stock Performance Review
On the Euronext Access, the shares opened trade for the period at EUR1.48 (USD1.61) per share, which was also the peak for the period. Despite a low of EUR1.22 (USD1.33), Euronext Access stock ended the quarter trading at EUR1.27 (USD1.38) representing an overall 14.19% decrease in share value over the period under review. A total of 145,712 shares were traded in 239 transactions for a turnover of EUR194,944.00 (USD211,937.27).
The Cotation Assistée en Continu All Shares Index (“CAC All Shares” or “the Market”) shows that the market went up 13.39% as at the end of the quarter. When compared to the movement of the CAC All Shares Index during the period, ZCCM-IH stocks listed on this exchange underperformed by 27.58%. The 27.58% difference is accounted for by the ZCCM-IH shares having decreased in value by 14.19% while the Market appreciated by 13.39%.
Market capitalisation on ZCCM-IH stock trading on the Euronext Access stood at EUR13,486,862.79 (approximately EUR13.5 million or USD14.68 million) as at close of trade on the last day of the quarter. Note that the exchange rate used is at the conclusion of trade for the period.
- LSE Stock Performance Review
ZCCM-IH stock on the LSE opened and closed the quarter at USD1.65 per share. This represents a 0.00% change in share price for the period. USD1.65 was also the high and the low for the quarter during which no shares were traded.
The Financial Times Stock Exchange All Shares Index (“FTSE All Shares” or “the Market”) shows that the market went up by 0.64% as at the end of the quarter. When compared to the movement of the FTSE All Shares Index during the period, ZCCM-IH stocks trading on the LSE underperformed by 0.64%, having not appreciated in value, while the market moved up by 0.64% over the same period.
Market capitalisation for LSE traded stock stood at USD482,945.10 (approximately USD0.48 million) as at the end of the period.