‘Capital markets grow by 10 p.c.’
Published On May 8, 2024 » 581 Views» By Times Reporter » Business, Stories
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•SECURITIES and Exchange Commission (SEC) Chief Executive Officer Phillip Chitalu (right) addresses the media on the performance of the Capital Markets while Director Enforcement and Legal Services Diana Sichone looks on at SEC offices in Lusaka yesterday. Picture by LISTER MWABA/ZANIS

By KETRA KALUNGA –
THE Securities and Exchange Commission (SEC) says the total savings in the capital markets increased by 10.08 per cent during the first quarter of this year, closing at K102.67 billion as of March 31, 2024.
SEC Chief Executive Officer Philip Chitalu said the growth was driven by an increase in the market price of shares listed on the Lusaka Securities Exchange Plc.
Mr Chitalu said notable also, was the fund size increase in corporate bonds attributed to the registration and subsequent issuance of the first green bond by the Copperbelt Energy Corporation (CEC) renewables amounting to K1.34 billion.

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