Lusaka Securities Exchange Q1 2024 Market Performance Overview

The Lusaka Securities Exchange (LuSE) in Q1 2024 witnessed notable market performance with Equity Market Capitalization at K97.76 billion, a 10.20% YTD increase. Quarterly media engagements support market transparency and investor confidence. Sector-wise, Retail Trading leads with 36% market capitalization. LASI reached 13,000 points. However, Equity Market Turnover saw a decline of 28.40% from Q1 2023. The exchange aims to provide a reliable platform for capital raising and trading.

• LuSE
• Market Performance
• Capitalization
• Retail Trading
• Investor Confidence

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1. LuSE Lusaka Securities Exchange Q1 2024 Market Performance

2. Our Mission To provide investors, businesses, and other issuers with an efficient, reliable, orderly, transparent, and cost- effective platform for the raising of capital and trading of securities. 16/05/2024 www.luse.co.zm 1

3. Quarterly Media Engagements In line with our mission, we believe through these regular quarterly media engagements we can keep the market informed on the activities taking place on the exchange. We anticipate such disclosures will assist us as a business and a regulator to drive the much- needed investor confidence and thus improve market participation. 16/05/2024 www.luse.co.zm 2

4. Q1 2024 LUSE MARKET CAPITALISATION

5. Equity Market Capitalization K100,000,000,000 K95,000,000,000 Market Capitalization K97.76 billion 10.20% YTD (2.98% in Q1 2023) 30.26% in 12 months K90,000,000,000 Market Cap (K) K85,000,000,000 2024 2023 K80,000,000,000 K75,000,000,000 K70,000,000,000 Jan Feb Mar First Quarter 16/05/2024 www.luse.co.zm 4

6. Market Capitalization to GDP 18% Q1 2024 Market Capitalisation GDP 16/05/2024 www.luse.co.zm 5

7. Manufacturing 9% Energy 13% Mobile Telecommunications 5% Oil Marketing Market Capitalization by Sector Property 0% 1% Hospitality 0% Financial Services 16% Insurance 0% Retail Trading 36% Investments 8% Agricultural processing 12% 16/05/2024 www.luse.co.zm 6

8. Q1 2024 MARKET PERFORMANCE HIGHLIGHTS

9. Lusaka All Share Index (LASI) 13,000.00 12,000.00 11,000.00 Lusaka All Share Index 2024 2023 10,000.00 9,000.00 17.3% Q1 2024 (6.9% - 2023) 62% in 12 months 8,000.00 7,000.00 Jan Feb Mar 16/05/2024 www.luse.co.zm 8

10. Equity Market Turnover Equity Turnover Turnover (K) K100,000,000 2024 2023 K467.94 million 28.40% decline compared to Q1 2023 K1,000,000 Jan Feb Mar 2024 Quarter 1 16/05/2024 www.luse.co.zm 9

11. Top 5 - Turnover 3%2%2% 1%3% Taj Pamodzi Plc Chilanga Cement Plc Copperbelt Energy Corporation Plc Real Estate Investment Zambia Plc Zambia Forestry and Forest Industries Corporation Plc Other Top 5 Turnover 89% 16/05/2024 www.luse.co.zm 10

12. Equity Market Trades 2,600 2,400 2,200 Equity Trades Trades 2,000 2024 2023 6,626 Trades in Q1 39.14% in 12 months 1,800 1,600 1,400 Jan Feb Mar 2024 Quarter 1 16/05/2024 www.luse.co.zm 11

13. Annual Share Price % Change 170.00% 150.00% Annual Share Price Movements Standard Chartered Bank 166.92% gain over 12-month period 130.00% 110.00% 90.00% 70.00% 50.00% 30.00% 10.00% ZABR AECI SHOP MAFS PUMA CHIL ZMFA CECZ ZCCM ZFCO ZMBF ZMRE ZSUG ATEL BATA BATZ PMDZ ZNCO NATB REIZ SCBL -10.00% -30.00% 16/05/2024 www.luse.co.zm 12

14. Q1 Turnover Contribution 0% Q1 Investor Turnover Contributions 4% 5% 91% Local Retail Foreign Retail Local Institutions Foreign Institutions 16/05/2024 www.luse.co.zm 13

15. Q1 2024 Bond Market Performance Metric Face Value Transacted Cost Value Transacted Vol. of Trades Govt. Bonds Vol. of Trades Corp. Bonds Q1 2024 K7.54 Billion K5.48 Billion 682 0 Q1 2023 K10.83 Billion K7.19 Billion 736 0 Var -30% -24% -7% - 16/05/2024 www.luse.co.zm 14

16. 2024 MARKET OUTLOOK

17. Market Outlook is expected to remain positive owing to improving economic fundamentals such as withcurrent debt restructure and re-operationalization of key mines. These developments are expected to positively influence market activity. Market Outlook Further, we have renewed appetite for companies to issue IPOs and Corporate Bonds this year and possibly into the first part of 2025. Additionally, discussions have advanced to list the first commodity backed Exchange Traded Fund (ETF) on the market. These activities are expected to drive liquidity over the medium term. 16/05/2024 www.luse.co.zm 16

18. Contact us.. Email: info@luse.co.zm Website: www.luse.co.zm 2nd Floor MAMCo House, Plot 316B, Independence Avenue, PO Box 34523, Lusaka, Zambia