REDUCED market activity and share price drop in some companies listed on the Lusaka Securities Exchange (LuSE) resulted in a significant decline in the overall turnover to about K26,000 last week from over K33 million the previous week. Last week, a total of 25,538 shares were transacted in 22 trades compared to 41,866,411 shares transacted in 36 trades. According to the LuSE Weekly stock news, during the week under review trade activity was recorded in four firms from 10 companies the previous week. “In the week ending July 3, 2020, 538 shares were transacted in 22 trades, yielding a market turnover of K26, 104. This is in comparison to 41, 866,411 shares transacted in 36 trades, yielding a market turnover of K33, 080, 865,” the report states. Source: Zambia Daily Mail.
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The objectives of the Kitwe & District Chamber of Commerce and Industry are to promote the development of trade, commerce and industry in Kitwe and throughout Zambia. The second one is to make input into any matters connected directly or indirectly with such trade, commerce or industry and the last objective is to collect circulate among its members information and other matters as maybe of interest.