Despite the elections fever, stocks at the Lusaka Stock Exchange (LuSE) has continued to record improvements in the shares traded.
The LuSE all share index now stands at 3,811.45 points up by 0.35 percent from Thursday’s close of 3,798.15.
According to the LuSE daily commentary bulletin, today, a total volume of 2,546,064 shares were transacted in 52 trades worth K455 million.
The market movers were BATA which closed at K239, PUMA was at K930, Copperbelt Energy Company (CEC) which closed at K699 and Zambia Sugar which gained K13 ended the day at K266.
ZANIS Business reports that trading activities were also recorded in LAFARGE, ZANACO, Standard Chartered Bank Zambia among others.
The dual listed companies as at Friday 16th September 2011, First Quantum Minerals Zambia at 20.23 cents, Shoprite at 11,319 cents, ZAMBEEF 43.00 pence and Zambia Consolidated Copper Mines –Investment Holdings at 2.30 Euros.
And the Bank of Zambia bulleting has indicated that the local currency has continued to register slight gains in its performance from the trading of over K4900 against US$1last week to K4, 804.81 buying and K4, 822.81 selling to a dollar.
Other currencies like the British pound has also broken the K8,201.58 and K8.236.48 trading range to K7,611.43 and K7,643.81 for buying and selling, while the South African rand is between K652.14 and 656.00 and the Euro is buying for K6,672.47 and selling for K6,701.61.
And prices of most non ferrous metals on the London Metal Exchange have also slightly increased with copper selling at US$8,709.00, Aluminum is at US$ 2, 2338.00, Nickel is now trading at US$ 21,645.00 while lead has been pegged at US$ 2,405.00.
Zambians will be going to the polls on Tuesday this week and some sections of the society have expressed fears that the Elections might affect the performance of the country’s business activities.
ZANIS
chwela … chwelelelelela
donchi kubeba……….sheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Zambia is a stable country which has for a long time been a becon of peace and tranquility. We lead and others follow.Our economy will remain strong.
This confidence in the Lusaka bourse is testament to the peaceful elections tomorrow. Zambia will prove once again that it is the beacon of peace and progress in Africa. The economy is growing and hardworking Zambians of every ilk including farmers are improving their lives.
The problem remains the unemployed / unemployable town dwellers (CB and Lusaka) that missed out on education in the 80s and 90s. Whoever forms the next Government has an uphill struggle with this lot because most of them are simply structurally unemployable. some just have bad attitude e.g. can’t / won’t work on the land.
You’re unquestionably right on this blog post.