Government’s fiscal appetite stabilises

Malawi government’s domestic borrowing hunger stabilised last week with no movement of rates on the money.

Average yields for Treasury Bills (TBs) maturing after 91 days were steady at 7 percent while the 182 days one decreased by 0.1 percent to 7.29 percent.

The only tenor that registered an increased was the 273 days which move from 7.52 percent from 7.47 percent.

Finance Minister Ken Lipenga: Fiscal discpline

TBs maturities for the week ending 4th November, 2011 amounted to K2.1 billion while maturities for the week ending 11th November 2011 stand at K1.4 billion.

On the Malawi Stock Exchange, 8 counters recorded trading last week and a total of 1,298,193 shares were transacted.

A total of US$645,373.33 (K106,173,770.10) was realised in 16 deals which involved Illovo, National Bank of Malawi, Real Insurance, NBS Bank, Nico, Standard Bank, TNM, Old Mutual and Real Insurance.

The market’s main indicator, Malawi All Share Index (Masi) was steady at 5039.30 points as there was no price movements in the counters to shift both the Domestic Share Index and Foreign Share Index.

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