Active Trading Characterises LuSE Week's Opening

LUSAKA, May 27 - Active trading characterised this week's opening session of the Lusaka Stock Exchange (LuSE) with the share index closing 16.58 points higher than last Friday's session.

The LuSE share index rose from 470.47 points last Friday to 487.05 points on Monday.

LuSE public relations manager Brian Tembo said in an interview that the most impressive performance was recorded by Zambia Sugar plc, the value of whose shares rose from K43 to K50.

"Zambia Sugar's performance could be tied to the impressive results that were published recently," Tembo said.

"When a company's results are good, you find that trade in that company's shares goes up because demand increases. As you know, people want to be associated with well performing companies and decide to invest as such."

He noted that Chilanga Cement's run on the market has continued to be impressive, as the share price has risen from K750 in January to K1,000 on Monday.

"In fact, all companies recorded good performances on Monday. There were no drops in share prices and this why the over all share index went up," Tembo said.

Preferential shares in Farmers House plc maintained the K4,842.28 per share while ordinary shares in the same firm also maintained K1,000.

Zambia Consolidated Copper Mines (ZCCM) Investment Holdings also maintained K3,500 per share, with Zambian Breweries posting K446.90 per share.

By Mwila Nkonge

Source: The Post / allAfrica Global Media