Business analyst Kelvin Chisanga commends Zambia’s capital market for its remarkable performance, citing April as a particularly outstanding month for the Lusaka Stock Exchange (LuSE).
Mr. Chisanga highlights the LuSE’s achievement of a historic milestone with a market capitalisation of K100 billion, signaling unprecedented success in its 30-year history. He notes significant activity in shares, particularly with CEC Plc and ZANACO, alongside positive trends in Standard Chartered and Taj Pamodzi Hotel Plc.
Despite a marginal price decline in Zambeef stock, Mr. Chisanga emphasises the positive implications of capital investment for job creation, investment culture, and confidence in reinvestment. He predicts an upsurge in GDP, increased wealth management, and expenditure, fostering Foreign Direct Investment (FDI) prospects.
Mr. Chisanga also forecasts an expansion in listed companies, driven by transparent corporate governance practices, improved business infrastructure, and economic liquidity, ultimately contributing to enhanced tax revenue and economic growth.
