Malawi Stock Exchange registers 62% return on index
Malawi Stock Exchange (MSE) has managed to register a return on index of 62 percent in the year 2017, its annual report has revealed.
This return on index is a rebound from an 8.53 percent negative return of 8.53 percent reported in the corresponding period in 2016.
According to the annual report, the positive performance was necessitated by price gains registered by all counters, which resulted in an upward movement of the Masi, the overall measure of market performance.
In the review period, the market transacted a total of 698.8 million shares, raising K13.5 billion in 1 189 trades while in the corresponding period in 2016, the market transacted a total of 410 million shares at a value of K6.19 billion in 913 trades.
MSE Operations Manager, Esnat Chilije said the gains are a result of positive performance by most companies during the year.
“The improvements in macroeconomic indicators such as low inflation and interest rates and stable exchange rate point towards a more favorable business operating environment for the various listed companies,” she said.
Chilije said all of the counters recorded gains in share price.
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