Money Markets

Madison Financial Services

ambia’s first Initial Public Offer in six years, the Madison Financial Services share offer was fully subscribed by mainly individuals. The development shows the growing appetite for individual shareholders to own equity as Zambians seek different investment options. A statement from the Lusaka Stock Exchange shows that the Madison Financial Services IPO which…

LuSE Daily summary

  A total of 18,989 shares were transacted in 25 trades resulting in a turnover of K64,940.The LuSE All Share Index close  at  6,110.68 points with price movements in BATZ -K0.09,PUMA -(K0.01) and CEC -(K0.01).Trading activity was recorded in LAFARGE, NATBREW, ZAMBEEF, ZAMBREW, ZANACO and ZSUG. The LuSE market cap…

THE KWACHA

Zambia’s kwacha outperformed the U.S Dollar and other major convertibles on Tuesday in line with expectations. The local unit is likely to continue with its strong campaign in the near term as the market continues to be chocked of Kwacha liquidity coupled with some corporate conversions as we head towards…

THE KWACHA

Zambia’s kwacha reversed some of its previous week’s losses against the U.S Dollar but remained rather shaky as demand for the dollar is likely to creep back as we progress into the month. Importers are likely to come in and snap the relatively cheaper dollar on the market. Kwacha ended…

Foreign Exchange News

LuSE Daily Summary The LuSE All Share Index closed at 6,036.74 points down by 0.03% from yesterday’s index of 6,038.45 points.Price movements were recorded in PUMA – (K0.01) and LAFARGE – (K0.01) respectively. Trading activity was also recorded in CEC, ZANACO ,ZSUG and FQMZ.A total of 13,489,506 shares were transacted…

Lord, you are my God; I will exalt you and praise your name, for in perfect faithfulness you have done wonderful things, things planned long ago.