Wed, 23 Nov 2016 12:09:44 +0000
A total of 8,717 shares were transacted in 14 trades on the Lusaka Stock Exchange (LuSE), resulting in a market turnover of K17, 727, according to LuSE daily commentary.
A share price loss of K0.05 was recorded in LAFARGE while trading also occurred in CEC, REIZ, SCZ, ZAMBREW, ZANACO and ZSUG.
The commentary further reported the LuSE All Share Index (LASI) closed at 4,369.33 points, down by 0.06% from the previous close of 4,371.75 points.
The market closed on a capitalisation of K58, 365,464,157 including Shoprite Holdings and K24, 126,258,177 excluding Shoprite Holdings.
Meanwhile, Cavmont Bank Zambia has reported that the Kwacha posted some marginal gains against the US Dollar which had out performed most currencies in the past week.
The currency pair opened trading at K9.800/K9.850 further receiving support from corporate sellers converting to meet tax obligations.
The bank reported that the Kwacha closed at K9.750/K9.800, K0.05 stronger than the day’s opening rate.
On local money markets the bank reported that commercial banks’ aggregate current account balance decreased by K97.94 million to K1, 174.36 million while the overnight borrowing and lending rate decreased by 0.33 percent to 16.00 percent.
Total funds traded on Interbank were K138.50 million.
On Friday, the Central Bank’s final bond auction of 2016 was over-subscribed by 187.55 percent, K2, 300.38 million was bid for out of K800.00 million which was offered.
Yield rates were relatively unchanged, except the 5 and 7 year yields which reduced from 25.87 percent and 25.75 percent to 24.50 percent and 24.89 percent respectively.
On the international scene, the bank reported that the price of copper on the London Metal Exchange (LME) dramatically recovered after posting a gain of US$113.50, and pushed the selling price of the red metal to US$5,575.00 a tonne.
The price of gold, the bank reported, also enjoyed a modest rise of US$2.77 to drive selling price of the precious metal to US$1,215.43 an ounce.
During the same period under review, the bank reported that the price of Brent crude oil too rose by US$1.21 and the commodity was now trading at US$47.84 a barrel.
