Record High Market Capitalization Marks Historic Achievement for LuSE

The Lusaka Securities Exchange (LuSE) has achieved a historic milestone, closing April with a market capitalization of K100 Billion, the highest ever recorded in its 30-year history. This significant surge is indicative of a robust capital market in Zambia, according to economic expert Mr. Kelvin Chisanga.

Mr. Chisanga highlights several factors contributing to this positive trend. Increased trading activity, particularly in shares like CEC Plc, ZANACO, and Standard Chartered, reflects strong investor confidence. However, a marginal price decline was observed in Zambeef stock.

He attributes this to the month’s focus on Annual General Meetings (AGMs) and dividend payouts by profitable companies.

“These developments signify thriving businesses, potential for job creation, and a growing investment culture,” says Chisanga. 

He anticipates a domino effect, leading to a higher GDP, wealthier citizens, and increased foreign direct investment (FDI).

Additionally, more companies are expected to list on the LuSE, promoting transparency and accountability in corporate governance.

Economist Chisanga emphasizes the crucial role of the capital market in Zambia’s economic growth. Currently, it contributes approximately 18% to the national GDP, acting as a significant driving force.

This positive trajectory in the Lusaka stock market paints a promising picture for Zambia’s future economic prosperity.