Bank of Zambia introduces policy rate

By CYNTHIA MWALE THE Bank of Zambia (BoZ) has introduced a policy rate that will allow the central bank to signal an increase or decrease in the price of credit in the market. The central bank says transparency in the interest rate determining behaviour among commercial banks is very important as it implies openness, effective communication and accountability. “The Bank...

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Monthly Bulletin CSO

The annual rate of inflation derived from the revised all items Consumer Price Index (CPI) reduced to 6.0 percent in February 2012, from 6.4 percent in January 2012. The reduction is mainly attributed to reductions in prices of food and non alcoholic beverages. Of the total 6.0 percent annual inflation rate in February 2011, food products accounted for 2.9 percentage points,...

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LUSE Market Update

  Tuesday 6th March, 2012 DAILY COMMENTARY FOR MONDAY 05TH MARCH,2012 The index closed at 3,891.58 points ,up by 0.29% from Friday's close of 3,880.24. A total of 632,929 shares were transacted in 19 trades worth K186 million. Price movements were recorded in three firms namely NATBREW up by K390 and closing at K7,600, SCZ up by K0.30 and closing at K89 and...

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Zimplats not about grabbing – Tsvangirai

By Jenni Evans There is no grabbing or nationalisation of investments in Zimbabwe, Prime Minister Morgan Tsvangirai said in Joburg on Thursday. “You can't nationalise investments, you can't grab property – that is very clear,” Tsvangirai said with reference to an indigenisation law share transfer dispute between Zimplats and the Zimbabwe government. Instead, there should...

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Fitch downgrades Zambia's economic outlook

By Chiwoyu Sinyangwe  GLOBAL rating agency Fitch has downgraded Zambia's economic outlook from stable to negative a few months before the country's planned US$700 million Eurobond is issued. But finance minister Alexander Chikwanda says it is "inglorious opinion" for Fitch to downgrade Zambia's economic outlook to negative. Fitch Ratings which provides issuer and...

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The Lusaka Stock exchange update

  Monday 5th March, 2012 DAILY COMMENTARY FOR THURSDAY 02nd MARCH,2012 The index closed at 3,880.24 points ,up by 0.05% from Yesterday's close of 3,878.13. A total of 203,048 shares were transacted in 13 trades worth K198.7 million. Price movements were recorded in three firms namely PUMA up by K49.00 and closing at K1,049.00, CEC up by K1.00 and closing...

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Copper Bull Streak Extends to Longest Since October on Demand: Commodities

By Nicholas Larkin Copper traders are bullish for a fourth consecutive week, the longest streak since October, as manufacturing strengthens from China to the U.S. and stockpiles decline to the lowest in more than two years. Thirteen of 29 analysts surveyed by Bloomberg expect the metal to gain next week and six were neutral. Inventories tracked by the...

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The Lusaka Stock exchange update

  Friday 2nd March, 2012 DAILY COMMENTARY FOR THURSDAY 01st FEBRUARY,2012 The index closed at 3,878.13 points ,up by 0.06% from Yesterday's close of 3,875.63. A total of 3,519,762 shares were transacted in 30 trades worth K4 billion. Price movements were recorded in four firms namely LAFARGE up by K220.00 and closing at K7,728.00, FARM up by K3.00 and closing...

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