𝗦𝗘𝗖 𝗭𝗮𝗺𝗯𝗶𝗮 𝗤𝟯 𝟮𝟬𝟮𝟱 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗨𝗽𝗱𝗮𝘁𝗲

The Securities and Exchange Commission (SEC) today held a press briefing today at their offices, led by Diana Sichone the commission provided an overview of Zambia’s capital market performance for the third quarter of 2025.

The presentation highlighted continued resilience and steady progress supported by macroeconomic stability and growing investor confidence.

Inflation eased to 12.3% in September 2025, while the exchange rate remained stable at around K23.87 per USD, prompting the Bank of Zambia to maintain its policy rate.

𝗘𝗾𝘂𝗶𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲

The Lusaka Securities Exchange (LuSE) posted robust gains in Q3 2025. The LuSE All Share Index (LASI) rose 24.87% to 25,242.39 points, driven by strong performances from ZCCM-IH (+60%), Airtel Zambia (+45%), and Zambia Sugar (+41%).

Market capitalization grew 10% to K327 billion, equivalent to 58.6% of GDP, or 24.5% excluding Shoprite. Total investors on the exchange reached 75,249, underscoring rising participation and positive investor sentiment.

𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝗰𝗵𝗲𝗺𝗲𝘀 (𝗖𝗜𝗦)

The Collective Investment Schemes segment maintained its upward trajectory, with Assets Under Management (AUM) increasing 7.49% to K3.5 billion.

Local investments accounted for 85.6% of total AUM, while investor numbers expanded to 1.21 million, up 11% from the previous quarter.

Growth was largely driven by mobile-enabled investment platforms (USSD), enhancing retail participation and market accessibility.

𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗮𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗕𝗼𝗻𝗱𝘀

The corporate bond market recorded modest growth, with total outstanding bonds rising 1.2% to K4.95 billion. New issuances worth K51.75 million offset redemptions of K1.7 million, while exchange rate fluctuations had minimal impact.

In the secondary government bond market, trading activity increased 16% to 1,960 trades, though nominal value traded declined 7% to K20.03 billion and market value dropped 10% to K20.41 billion. Liquidity remained stable with a turnover ratio of 11%, consistent with previous quarters.

𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁

The SEC continued advancing reforms under the Capital Markets Master Plan, strengthening market infrastructure, sustainable finance, and investor protection.

Key achievements included the completion of the Zambia Green Finance Taxonomy and Green Bond Toolkit, with the Green Bond Market valued at US$150 million.

Ongoing public awareness campaigns and scam alerts reinforced the Commission’s commitment to transparency, education, and investor safety. -Financial Insight Zambia