LuSE in $48,000 net increase

DESPITE economic challenges, the Lusaka Stock Exchange (LuSE) has witnessed substantial increase in net inflow in November of over US$48,000, representing about 1,560 percent.
The LuSe saw the inflow surge significantly to US$48,690 during the period under review compared to US$2,933 in October.
In its monthly news flash for November, LuSE has in the last quarter posted the highest inflow of US$48,690 in the month under review, after a least figure of US$2,933 was posted in October, with September recording US$5,797.
Of the inflow, domestic trades accounted for 236 domestic surpassing last month’s of 177 with three foreign trades and six respectively.
The analysis of foreign portfolio investment on the local bourse, however, shows a drastic reduction in total turnover to US$64,702 in November from US$541,856 in October, 2015.
The companies presently trading on the local bourse cover 13 sectors namely manufacturing, mobile telecommunications, hospitality, oil market, investments retail trading, agriculture, insurance, banking, property, energy, finance and mining in 23 and 12 listed and quoted companies respectively.
Meanwhile, the LuSE market capitalisation, which excludes Shoprite Holdings Plc, increased by a 0.38 percentage point from K30.2 million to K30.08 million last month.