Malawi Stock Exchange flat

Major market indicators at the Malawi Stock Exchange (MSE) were last week steady as there was no price movements.

The Malawi All Share Index (Masi) was flat at  5378.87 points due to non-movement in both the Domestic Share Index and the Foreign Share Index which closed the week at 4245.94 points and 535.42 points respectively.

However, the market still registered trading as shares changed hand in 8 counters of Mpico, First Merchant Bank, Illovo, Nico, National Bank of Malawi, Nitl, TNM and Standard Bank.

Not trades was recorded in NBS Letters of Allotment which have started trading at the local bourse with offers ranging from 30 tambala to 35 tambala while bids are at 10 tambala each.

A total of 4,899,055 shares were transacted and turnover increased to $318,424.49 (K52, 143, 952) from last week’s K30 million.

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