Company Performance: Revenue, profit margins, and expansion plans drive investor confidence. Good performance typically increases stock value.

Market Sentiment: General investor optimism or pessimism about the retail sector and Lusaka Stock Exchange influences demand for SHOPRITE.

Economic Conditions: Zambia's economic growth, inflation, and unemployment rates affect consumer spending and SHOPRITE's profitability.

Competition: Actions of competitors like Pick n Pay and Spar, including pricing strategies and market share gains, impact SHOPRITE's stock.

Regulatory Environment: Changes in government policies regarding taxation, import duties, and labor laws affect SHOPRITE's operational costs and profitability.

Dividend Payouts: Higher dividend yields can attract investors, boosting stock price. Decisions on dividend policies impact investor sentiment.

Exchange Rate Fluctuations: The Zambian Kwacha's exchange rate impacts SHOPRITE's costs of imported goods, affecting profitability and stock value.

Global Economic Events: International economic conditions, especially those affecting South Africa (SHOPRITE's parent company), can influence the stock.