Thu, 08 Dec 2016 07:15:27 +0000 By Nation Reporter COPPER has continued its impressive run giving investors the confidence that is seen to be a turn for the better, and the improving sentiment can only be a positive for the kwacha, this is according to the First National Bank (FNB) daily market briefs. The Bank reports that the market conditions were little changed on Tuesday with widened broker prices suggestive of reducing liquidity, with visible firm prices that were higher from K9.820-K9.900. The Bank saw the similar conditions on Tuesday and Wednesday with rate likely to print K9.900. The bank further reports that there had not been much activity in the bond market following the auction last week, expecting to only see some activity when demand builds up. Meanwhile the Bank of Zambia will from next year hold bimonthly Bond auctions and increase tender sizes from K800mn to K1bn, previously Bond auctions were held quarterly. […]
