Copperbelt Energy Corporation CEC, a Zambian Incorporated […]

Copperbelt Energy Corporation CEC, a Zambian Incorporated power company acting as a specialized, privately-owned utility listed on the Lusaka Stock Exchange LuSE has continued to record a decrease in share price. A check by the Zambia’s business Times-ZBT from the Stockbrokers Zambia weekly report indicates that for the market period ended 24 April 2026 and 8th May 2026 the company recorded a drop in their share price despite recording an increase in the value of shares purchased.

 According to the stock brokers weekly report for the market period ended 24 April 2026, Copperbelt Energy Corporation CEC share price recorded a drop by 0.52% and price strode at K17.4 with a turnover of K391.1 thousand.

 However, the Stockbrokers Zambia report for the market period ended 8th May saw CEC record another drop in share price by -0.17% with pricing settling at K17.24 and the companies value of shares purchased stood at 747.2 thousand which is an increase compared to the market turnover seen in the other year.

 Despite CEC recording a drop in share price on the exchange, the company is among the three companies on the exchange that has reached the $1 billion dollar market capitalization and the bigger question is what could be the factors that are causing a drop in the share price.

 Meanwhile, Zambia Business Times- reached out to an expert whose name is withheld to get clarity on the factors contributing to CEC drop in share price. In response the broker attributed the decrease in the company’s share price due to the undeclared dividends and many share holders are holding back. “ CEC is yet to declare their dividend and if they would declare a divide, that will trigger a movement in the share price, because everyone will want to participate and receive that dividends, and shareholder who have been been there for sometime are now seeing this as a good opportunity to come out as people want to come in and get a share in the company.”

He also added that towards the end of last year CEC around this period the named company started to record an increase in their share price and week-in- week out driven by market sentiment from retail investors.

 “Last year towards the end, around this time, the share price for Copperbelt had started increasing quite drastically and every week, the share price was increasing because the market sentiment was driven by the retail investors”.

 He added that in most cases the movement in sharp prices is usually driven by dividends and companies making huge changes in terms of investments “To move the share price you just need to buy 100 shares, so at that point anyone can move the share price for instance if the share price is at K6 and you have a K600 and last year around this same period CECs share price was soarig but not based on the back of anything, because usually the movement in share price is driven by dividends, because the company is making huge changes due to investments being made but for CEC their was nothing in particular.”

 He further noted that even though the retail participation has allowed people to come into the market, it has also brought in a lot of movement in terms of share prices.

Article Justine Phiri