Capital Markets
ZAMBIA CAPITAL MARKETS KEY FIGURES, AS OF AUGUST 21 2026
| Market Cap (incl. Shoprite) | Market Cap (excl. Shoprite) | LuSE All Share Index | Latest Listing |
|---|---|---|---|
| ZMW 338.2 billion | ZMW 148.1 billion | 26,510.22 | Klapton Re, March 2026 |
As of August 21, 2026, the Lusaka Securities Exchange stood at a market capitalisation of ZMW 338.2 billion, including Shoprite Holdings, or ZMW 148.1 billion excluding it, with its benchmark LuSE All Share Index at 26,510.22, up 0.19% on the day.
The exchange’s most recent new listing, reinsurer Klapton Re, joined the bourse in March 2026, 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 21, 2026, the Lusaka Securities Exchange’s benchmark LuSE All Share Index closed at 26,510.22, up 0.19% from the previous session, with the exchange’s total market capitalisation at ZMW 338,167,416,439.98 including Shoprite Holdings, or ZMW 148,095,347,539.98 excluding it[1]. That same session recorded 614 trades and 154,034 shares transacted for Kwacha-denominated securities, a turnover of ZMW 653,236.67[1]. The exchange’s sole dollar-denominated security, a Real Estate Investment Trust, recorded 66 trades of its own, amounting to 21,559 units and a turnover of USD 3,233.85[1]. Actively traded Kwacha counters on the day included AECI, ATEL, BATA, BATZ, CHIL, DCZM, KLRE, NATB, PUMA, SCBL, ZABR, ZFCO, ZMFA and ZSUG, with the largest single price move a ZMW 1.72 gain in ZCCM[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, one of the more recent additions to a board that 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[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 338.2 billion headline capitalisation and its ZMW 148.1 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
