Business
ZCCM-IH share price shoots up by nearly 6%
According to the official Stockbrokers report for
Picture: Zambian Business Times
According to the official Stockbrokers report for the market period ended 9 October seen by the Zambian Business Times-ZBT indicates that ZCCM-IH was the lead price gainer on the exchange with price move upwards by 5.7%
The report shows that ZCCM-IH share price increased by K8 (0.40 US dollar) or roughly 5.71% to close at K148 (7.43 US dollar).
A check by the Zambian Business Times ZBT show that ZCCM-IH is the second best performing equity on the Lusaka Securities Exchange LuSE with a market valuation reported to be around $1.3 billion.
According to Stockbrockers Zambia Senior Securities Trader Tionge Banda has attributed the 5% share prices increase in ZCCM-IH due to increased demanding in the stock from investors.
Speaking in an interview with Zambian Business Times ZBT Banda noted that the increase is a reflection of investors biding a higher price when purchasing the stock in ZCCM-IH triggering an increase in the company’s share prices
Lakatips
The morning briefing
Zambia’s news, before your first meeting
One email each morning with the headlines that matter, from every newsroom we follow. Free, and one click to stop.
” The increase in ZCCM-IH is driven by supply and demand which saw investors biding for a higher stake in order for them to acquire shares in the company leading to the companies share price shifting upwards by 5%,” said Banda.
Despite the increase in the company’s share price, a check by ZBT in financials for the six months period ended 30 June saw ZCCM-IH group record a net loss of K89.86 million ($4.77 million), compared with a a net loss of K852.86 million ($31.25 million) recorded in the corresponding period in 2025.
Further the net loss for the period were attributed to share loss from Mopani amounting to K536 million ($28.5 million), and the 5.6% appreciation of the Zambian Kwacha during the period which contributed to foreign exchange losses.
Source: Zambian Business Times — Read more
More to read
All Business →ZCCM-Ih Progresses with Listing Optimisation Project
ZCCM Investments Holdings – ZCCM-IH says it is progressing with its proposed Listing Optimisation Project...
ZCCM-IH Eyes Copper Trading to Boost Zambias Earnings
ZCCM Investments Holdings says it wants to enter copper trading to help...
ZCCM-Ih Dividend Falls by K346 Million
ZCCM Investments Holdings has reduced its dividend payout by K346 million to approximately K183 million...