Economy

Zambia’s capital market records K93 million weekly turnover, down 12% from previous week

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The Lusaka Securities Exchange (LuSE) All Share Index crossed the 21,000-point mark last week, signaling continued strength in Zambia’s capital market.

According to LuSE’s weekly statistics for the period ending July 25, 2025, the index closed at 21,050.27 points, representing a 0.51% increase from the previous week.

Leading the gainers were Real Estate Investment Zambia (REIZ) preference shares (FARM), which surged 23 percent to K5.80, while Zambia Metal Fabricators (ZMFA) climbed 17 percent to K14.00.

In contrast, Zambeef Products extended its decline, dropping eight percent to K1.75.

Total market turnover stood at K93 million, down 12 percent from the previous week.

Institutional investors dominated activity, contributing K90 million, or 75 percent of total turnover, and 51 percent of trading volume.

British American Tobacco Zambia emerged as the second most active stock, accounting for 17 percent of turnover and 43 percent of total volume.

The Zambian Kwacha remained stable against the US dollar. According to Absa Bank Zambia, the local currency opened Friday’s interbank session at K23.30/K23.35 and maintained those levels throughout, supported by strong corporate inflows and central bank interventions.

“The kwacha is expected to trade within familiar ranges in the near term, depending on liquidity and broader economic sentiment,” Absa noted in its market update.

On the global commodities front, Shanghai copper prices dipped after recent gains, with futures on the Shanghai Futures Exchange slipping 0.57 percent to 78,880 yuan (US$11,004.62) per metric tonne.

Meanwhile, three-month copper on the London Metal Exchange inched up 0.25 percent to US$9,794, as markets awaited signals from upcoming U.S.-China trade talks.

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