Despite the country’s tripartite elections held on Tuesday this week, there has not been disturbances on the Lusaka Stock Exchange (LuSE) which has continued to record slight improvements in the shares traded
The LuSE all share index now stands at 3,815.11 points up by 0.03 percent from Friday’s close of 3,813.95.
According to the LuSE daily commentary bulletin a total volume of 87,780 shares were transacted in 23 trades worth K168 million.
The market movers were BATA which went up K6 and closed at K1 506 and National Breweries improved by K50 to end the day at K 7,350.
ZANIS reports that trading activities were also recorded in LAFARGE, ZANACO, Standard Chartered Bank Zambia, PUMA, Copperbelt Energy Company (CEC) and Zambia Sugar.
The dual listed companies as at Wednesday 21st September 2011 were First Quantum Minerals Zambia at 17.94 cents, Shoprite at 11,319 cents, ZAMBEEF 43.00 pence and Zambia Consolidated Copper Mines –Investment Holdings at 2.24 Euros.
Trading in the local currency and other convertible currencies has also maintained their trading activities.
According to the Bank of Zambia bulleting, the kwacha has continued with its K4, 939.06 for buying and K4, 959.06 for selling to US$1.
Other currencies like the British pound has also broken the K8,201.58 and K8.236.48 trading range to trade between K7,575.78 and K7,607.99 for buying and selling, while the South African rand is between K621.74 and 625.34 and the Euro is buying for K6,654.89 and selling for K6,683.78.
And prices of most non ferrous metals on the London Metal Exchange have also slightly increased with copper selling at US$8, 22.00, Aluminum is at US$ 2, 266.00, Nickel is now trading at US$ 20,700.00 while lead has been pegged at US$ 2,259.50.
ZANIS
