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The Lusaka Securities Exchange (LuSE) closed the first quarter of 2025 ended March 31 with a total face value traded of K5.2 billion, a slight decrease of one percent from the previous year.
Total face value for the month had seen a slight decrease of one percent, while turnover was down by nine percent, according to the LuSE Chief Executive Officer, Nicholas Kabaso, in a monthly update.
“We closed the quarter with a total face value traded of K5.2 billion generating a turnover of K4.9 billion,” Kabaso said.
On the secondary bond trades, Kabaso said 159 were registered with a face value of K2.05 billion.
He explained that this generated a turnover of K1.8 billion.
Kabaso also stated that total value traded (both buy and sell side) on the mobile application for March stood at K854, 000 down from K1.2 million in February.
“However, on a quarterly basis activity recorded on the app was K3 million up by 11 percent from the previous quarter and representing its highest quarterly activity since its launch in 2023,” he added.
Meanwhile, Kabaso noted that in March, LuSE recorded a turnover of K84.6 million showing a marginal drop of two percent compared to February.
This, he explained, brought the total cumulative turnover for the first quarter to K382.5 million.
“The main contributors of turnover in March were Zambia Sugar and British American Tobacco Zambia while on a quarterly basis we noted significant trades mainly from Chilanga Cement and Airtel.
“Trading activity for the month and the quarter was largely driven by foreign institutional investors who generated more than 40 percent of the market turnover. Local retail investors generated just below a quarter of the turnover with local institutional investors contributing 29 percent of turnover,” he said.
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