By Justine Phiri According to the Securities […]

By Justine Phiri According to the Securities and Exchange Commission (SEC), the Q1 report of 2026 indicated a huge drop of 49 percent in share price, making it the highest price loser in Q1 on the exchange.

The report further highlighted that Stanchart Stock at the opening of Q1 on 31st December 2025 had a share price of K0.09, and as at 31st March 2026, the price closed at K1.3, representing a price change of K0.09 (dropped 49%).

 However, the Zambian Business Times (ZBT) earlier reported on the instability in StanChart’s share price and continued fluctuation week-in, week-out on the Lusaka Securities Exchange (LuSE). Interestingly, an established anonymous broker whose name remains withheld disclosed to ZBT that Standard Chartered Bank Zambia’s share price drop as seen in past weeks is due to the sale of its services to FNB.

 “Most of the shareholders for StanChart are speculating following the sale of the company’s services to FNB, thinking maybe the bank is about to exit the market considering that since the sale-off, StanChart is now smaller and, as a result, the share price is being impacted,” he noted.  Brief factors of the story are that last year, in 2025 StanChart confirmed that First National Bank FNB had acquired the bank’s retail and wealth management business. Under the agreement, FNB was to take over StanChart’s retail banking portfolio which included over K5.2 billion in customer deposits and K1.6 billion in loans, as well as K3.8 billion in wealth assets under management

Article by Justine Phiri