Zambia’s Stock Market Rises 1.16% as Turnover Triples, Driven by Zambia Reinsurance
The Lusaka Securities Exchange (LuSE) recorded strong gains this week, with the All Share Index (LASI), excluding ZCCM-IH, rising by 1.16% week-on-week to close at 25,436.25 points.
Market turnover surged to ZMW 18.96 million (USD 850,114) on 5.15 million shares traded, a significant increase from last week’s ZMW 6.62 million (USD 296,578). Zambia Reinsurance (ZAMBIA RE) led the market, accounting for 66.31% of total turnover.
Zambia Sugar (ZSUG) emerged as the week’s top gainer, climbing 8.72% to close at ZMW 65.24 (USD 2.92), while AECI saw a marginal decline of 0.01% to ZMW 120.16 (USD 2.92).
On the currency front, the Zambian Kwacha appreciated against major currencies — 2.37% against the Euro, 2.25% against the British Pound, 1.76% against the US Dollar, and 1.38% against the South African Rand.
In the fixed-income market, Treasury Bill yields also recorded movement, with the 273-day T-Bill rising by 0.50% to 14.00%, while the 364-day T-Bill stood at 14.50%. The Monetary Policy Rate remained unchanged at 14.50%, and annual inflation for September 2025 was reported at 12.3%.
The week also saw board changes at AECI Mining Explosives PLC, with Ms Meagan Van Den Berg resigning as Director and Mr Jaco Human appointed as Non-Executive Director, both effective 23 July 2025.
Among the leading equities, Bata rose by 4.84%, Chilanga Cement gained 1.38%, while Zambeef fell 0.87% and Standard Chartered Bank Zambia dropped 0.38%.
Market analysts from Stockbrokers Zambia Limited and Vantum Capital advise investors to remain cautious, noting that while market liquidity and investor sentiment are improving, global currency movements and local inflation trends could influence near-term performance.
