According to the official Stockbrokers report for […]

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

” 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.

By Justine Phiri