Lusaka Stock Exchange records strong July performance as equity, bond markets surge

The Lusaka Securities Exchange (LuSE) reportedly witnessed a robust performance across both its equity and fixed-income markets in July 2025, underscoring investor confidence and sustained interest in Zambia’s capital markets.

Market turnover rose sharply to K299 million from K123 million in June, representing a 143 percent increase, marking July as the second-highest turnover month this year.

LuSE Chief Executive Officer, Nicholas Kabaso, confirmed this in a statement issued in Lusaka on Tuesday.

Copperbelt Energy Corporation dominated trading activity with K252 million in turnover, followed by BATZ at K16 million and Zanaco at K13 million.

Sustained Growth in Mobile Trading Retail participation through the LuSE mobile application continued its growth trend, with buy-side turnover increasing to K3.2 million up by 1 percent, while sell-side activity dipped by 27 percent to K324,000.

“This marks the fourth consecutive month of increased mobile engagement, bringing total turnover through the platform to over K13 million,” Kabaso said.

Additionally, the Lusaka All Share Index (LASI) reached a new all-time high, closing the month at 21,041.02, denoting a 4 percent monthly increase and 36 percenr gain year-to-date.

The rally was led by Zambia Metal Fabricators, which surged by 50 percent to K15.00, AECI Mining Explosives up 34 percent to K70.00, British American Tobacco Zambia up 12 percent to K7.10, and Copperbelt Energy Corporation up 11 percent to K23.26.

Other notable gainers included ZCCM-IH at 29 percent and REIZ preference shares with 23 percent, although these do not affect the index.

Companies that experienced declines included Zambeef, which dropped by 22 percent to K1.75, PUMA Energy down by 8 percent to K4.59, and Standard Chartered Bank Zambia, which declined marginally by 1 percent to K2.73.

The REIZ Real Estate Investment Trust closed the month at $0.08, reecting an 11 percent drop.

The secondary bond market also recorded notable growth in July, with total face value traded reaching K1.97 billion, a 16 percent increase from June and corresponding turnover stood at K1.9 billion, up by 9 percent.

“This continued expansion reects strong demand for xed-income securities, particularly government bonds, which remain attractive to institutional investors seeking stability and predictable returns,” Kabaso said.

Looking ahead, Kabaso anticipated continued investor interest across both equity and fixed-income markets, supported by stable macroeconomic fundamentals, strong demand for government bonds, and rising retail participation via digital platforms.

“Although recent gains may prompt some investors to rebalance portfolios, overall market momentum is expected to remain positive, with institutional and retail activity continuing to drive growth,” he said.

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