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Alba Iulia
Tuesday, December 1, 2020

Turnover at LuSE impressive

Economy Turnover at LuSE impressive

A total of 19,999,536 shares were transacted in 77 trades on Lusaka Stock Exchange (LuSE) last week yielding a turnover of K494.97 million on the equity market.
According to the latest LuSE weekly update, the all-share index closed at 2,966.10 points down from 3,001.54 points for the week ending 29 June this year.
In terms of price movements, the British American Tobacco (BAT) closed at an all-time high of K650 after gaining K20 while National Breweries established a new all-time high of K8, 100, going up by K600.
The commentary says Zambeef Products posted a gain of K600 and closed at an all time high of K4, 600 while Metal Fabricators of Zambia (ZAMEFA) went up by K20 ending the week at K350.
On the other hand, Zambia Sugar went down by K28 and closed at K350 with Standard Chartered Bank closing at K434, down by K1.
Investrust Bank also went down by K0.50 when it closed at K64.50.
Meanwhile, Zambeef Products Plc interim results for the six months ended March 31 show that its turnover was K128, 723 million compared to K98, 222 million in 2006.
The company achieved a profit before tax of K11, 289 million while its profit after tax was K9, 226 million compared to K9, 731 million in 2006.
According to the report, Zambia Sugar Plc final results and annual general meeting (AGM) revealed that the company’s turnover was K570, 096 million compared to K501, 833 million in 2005.
The company achieved a profit before tax of K131, 468 million while profit after tax was K101, 162 million compared to K78, 840 million in 2005. 
Zambian Breweries Plc recorded a gross turnover of K638, 508 million for the period ended March 31 this year compared to K593,022 million in 2006.
The company achieved a profit before tax of K63, 713 million and its earnings per share were K121.59 compared to K111.78 in 2006. 

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