EconomyEditor's Pick

Lusaka Stock Exchange reportedly records historical K1 billion market capitalisation


The Lusaka Securities Exchange (LuSE) has reportedly recorded a historical K100 billion barrier market capitalisation as at the close of the month of April, 2024.

Year to date all share index has also reportedly gone up by 18.7 percent.

This is according to Nicholas Kabaso, the LuSE Chief Executive Officer, in a statement issued on Friday.

Kabaso, on the market capitalization, noted that this development indicated a record high in the history of the LuSE.

He also said the month of April recorded a total of 2,897 equity trades with a quantity of more than four million shares.

According to Kabaso, this resulted in a market turnover of over K36 million compared to K16 million in the previous month.

“The Lusaka Securities All Share Index (LASI) remained bullish closing the month of April on a year-to-date growth of 18.7 percent attributed to capital gains across most of the counters on the market,” he said in a statement.

On the bond market, Kabaso stated that April recorded a total of 306 bond trades compared to 254 in the month of March.

This represented an increase of 20.5 percent.
“While changes in turnover and face value traded was minimal with a total face value traded being K2,213,223,246.00 representing a one percent increase from the previous month and turnover being K1,715,653,636.98 representing a decrease 0.7 percent,” he said.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Murder case: Akafekwa, denies killing 10-year-old Chikondi

Previous article

Govt appeals acquittal of ex-Minister of Justice, Lubinda

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Economy