
Munyumba - 💼 Financial Advisor & 📊 Investment Analyst
June 3, 2025 at 06:32 PM
📈 Zambia's Domestic Wealth on LuSE Passes K100 Billion (Ex-Shoprite)
As of the market close on 2 June 2025, the Lusaka Securities Exchange (LuSE) has officially surpassed K100 billion in domestic market capitalisation (excluding Shoprite Holdings) — a tripling since 2021.
Back then, we projected this would be the largest wealth expansion since the 2001–2011 ‘Golden Decade’, which saw a 10x growth in the market. That prediction is now a reality.
💼 Top 5 Stocks (76% of Total Market Cap):
➡ CEC – K29.5B
➡ ZCCM – K16.2B
➡ ZSUG – K13.2B
➡ ATEL – K9.8B
➡ ZNCO – K7.98B
🌍 In USD terms, the domestic market cap stands at $3.73 billion, up from $1.94B in 2021. This marks the highest dollar valuation since 2014, and the first time in over a decade that Zambia’s domestic market has exceeded the $3B mark.

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