Capital Markets
ZAMBIA CAPITAL MARKETS KEY FIGURES, AS OF AUGUST 25 2026
| Market Cap (incl. Shoprite) | Market Cap (excl. Shoprite) | LuSE All Share Index | Latest Listing |
|---|---|---|---|
| ZMW 337.5 billion | ZMW 147.4 billion | 26,388.71 | Klapton Re, March 2026 |
As of August 25, 2026, the Lusaka Securities Exchange stood at a market capitalisation of ZMW 337.5 billion, including Shoprite Holdings, or ZMW 147.4 billion excluding it, with its benchmark LuSE All Share Index at 26,388.71, down 0.13% on the day.
The exchange’s most recent new listing, reinsurer Klapton Re, joined the bourse in March 2026, following DotCom Zambia’s December 2025 debut as the first-ever listing on the LuSE’s Alternative Market, and continuing a run of activity that saw Zambia Sugar cross a USD 1 billion market capitalisation in January 2026, alongside Copperbelt Energy Corporation and ZCCM Investments Holdings as the exchange’s other billion-dollar companies.
Market Activity
As of August 25, 2026, the Lusaka Securities Exchange’s benchmark LuSE All Share Index closed at 26,388.71, down 0.13% from the previous session, with the exchange’s total market capitalisation at ZMW 337,488,618,051.00 including Shoprite Holdings, or ZMW 147,416,549,151.00 excluding it[1]. That same session recorded 792 trades and 126,364 shares transacted for Kwacha-denominated securities, a turnover of ZMW 767,915.20[1]. The exchange’s sole dollar-denominated security, a Real Estate Investment Trust, recorded 21 trades of its own, amounting to 4,029 units and a turnover of USD 564.06[1]. Actively traded Kwacha counters on the day included AECI, ATEL, BATA, CCAF, CHIL, DCZM, KLRE, NATB, SCBL, ZABR, ZCCM, ZMBF, ZMFA, ZMRE, ZNCO and ZSUG, with price movements led by a ZMW 0.84 decline in ATEL and a ZMW 0.24 gain in ZFCO[1].
Listed Companies
Zambia Sugar crossed a USD 1 billion market capitalisation in January 2026, joining Copperbelt Energy Corporation and ZCCM Investments Holdings among the exchange’s billion-dollar listed companies[2]. Reinsurer Klapton Re listed on the exchange in March 2026, the exchange’s most recent listing, following DotCom Zambia’s debut in December 2025 as the first-ever listing on the LuSE’s Alternative Market[2]. The board also includes Real Estate Investments Zambia, a real estate investment, development and management company listed in 1996, National Breweries, a leading Zambian beverage producer listed in 1998, and Chilanga Cement, a domestic cement producer listed in 1995[2].
Investment Opportunities
The pace of new listings, from Klapton Re’s 2026 debut to Zambia Sugar’s climb past a billion dollars in market value, points to a capital market still adding depth rather than one that has plateaued, giving both new issuers and portfolio investors room to participate[1][2]. The gap between the exchange’s ZMW 337.5 billion headline capitalisation and its ZMW 147.4 billion figure excluding Shoprite Holdings also illustrates how concentrated the market’s value currently is in a small number of large counters, leaving room for the broader board to grow into a larger share of that total[1].
Last Update: August 2026
