
Munyumba - 💼 Financial Advisor & 📊 Investment Analyst
May 23, 2025 at 06:07 AM
*CECZ Becomes The First $1 Billion Stock in 10 Years! 🚀📈*
Following a strong rally over the past month and early signs of economic resurgence, Copperbelt Energy Corporation (CEC) has officially become the first $1 billion stock on the Lusaka Securities Exchange (LUSE) in over a decade — the last being ZCCM in 2014.
After a sluggish Q1-2025, this surge marks a pivotal moment:
- 📊 Market cap: $1.05 Billion (as of 22 May 2025)
- 📈 Up 16% W-o-W, 32% M-o-M, and 28% YTD
Having a billion-dollar company on LUSE isn't just symbolic — it could signal a potential return to the golden era of 2002–2014, when Zambia’s capital markets experienced robust growth.
For context:
Pre-2014, LUSE had two billion-dollar stocks, including Lafarge (now Chilanga Cement).
The entry of Dangote drastically reshaped the cement sector, wiping out significant value from Lafarge.
While a $1B company doesn’t guarantee broad economic recovery, it does indicate renewed investor confidence and potential market depth.
#cecz #zambiacapitalmarkets #luse #zambiaeconomy #stockmarket #investorconfidence #copperbeltenergy #financialmarkets #zambiainvests
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