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Equity trading on the Lusaka Securities Exchange (LuSE) rebounded strongly last week, with turnover jumping to K22.15 million—up from K2.03 million the previous week—breaking a multi-week decline.
The four-day trading period saw a sharp rise in volume, with 3,945,118 shares changing hands compared to 248,392 the week before, according to ZANACO’s weekly financial markets update.
The surge pushed turnover to a four-week high.
“A total of 14 listed companies had their shares traded, though activity was overwhelmingly dominated by ZANACO, which accounted for 95.8 percent of the total weekly turnover,” the report noted.
Other actively traded stocks included Copperbelt Energy Corporation Zambia (CECZ), Zambian Breweries, and Standard Chartered Bank Zambia, which posted respective share price gains of K0.17, K0.04, and K0.01.
Airtel Networks Zambia was the sole decliner for the week, with its share price falling by K0.79.
The overall market registered modest gains, with the LuSE All Share Index rising by 0.28 percent to 16,383.72 from 16,338.71. On a year-on-year basis, Zambian equities are up 6.3 percent in Kwacha terms.
Meanwhile, the eighth Treasury bill auction of the year, held on April 17, was undersubscribed due to tight liquidity conditions.
Investor bids at cost dropped by 38.5 percent to K1,487.44 million from K2,418.05 million in the previous auction.
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