Malawi Stock Exchange transacts 415.4m shares in July

The Malawi Stock Exchange (MSE) says it managed to record share trading of K415,482,537 shares on the market from 1st July to 31st July, 2013.

In its trade performance analysis for the month, MSE said the shares are an increase from 9.7 million registered during the period of July 2012.

Market analysts attributed the sharp contrast in the trade due to the acute economy hardships the country was undergoing last year and noted that some investments may have been influenced by the money earned
from the tobacco market.

“A total of 415,482,537  [9,725,988 in July 2012] shares were transacted at a total consideration of K934,744,095.86($2,807,641.48) [MK396,977,476.40($1,429,585.97) in July 2012] in 126 trades.

“In the previous month, June 2013, the market transacted a total of 41,107,731 shares at a total consideration of K105,232,309.10 (US$318,598.16) in 102 trades. This reflects a 910.72% increase in terms of share volume and 788.27% (781.25% in US dollar terms) increase in share value,” MSE said.malawi stock ex

The market registered an average daily volume of 19,784,883 shares in July 2013 compared to 1,957,511 shares in June 2013 and the average daily turnover for July 2013 was K44,511,623.61 ($133,697.21) compared
to K5,011,062.34 ($15,171.34) for the previous month, reflecting an increase of 788.27% (781.25% in US dollar terms).

The market registered a positive return on index as reflected in the upward movement of the Malawi All Share Index (MASI) from 6914.45 points registered on 30th June 2013 to 7277.08 points registered on 31st July 2013, giving a return on index of 5.24%, (6.21% in US dollar terms).

The price gains registered by ten counters, FMB, Illovo, National Bank, NBS Bank, National Investment Trust Limited, Press Corporation, Standard Bank, Sunbird, TNM and Old Mutual were the major drivers resulting into an increase in both the Foreign Share Index and the Domestic Share Index by 11.11 points from 1131.18 points to 1256.86
points and by 5.13 points from 5418.32 points to 5696.53 points (6.10% in US dollar terms) respectively.

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