With the 14-counter Malawi Stock Exchange (MSE) usually closing flat for two months now, a market analyst has advised serious investors to position themselves as companies will shortly be releasing their year-end earnings results.
“Good decision are mostly made when the year is still young and when one has enough time to comprehensively analyse everything that is key to their investment decisions,” said a market analyst, Nelson Mkwende, who is also manager at FDH Stockbrokers Limited.
He said January and February are generally characterised by thin activity hence notable price movements.
Last week, the local bourse recorded trading activity in 11 counters but with no share price movement resulting in all indices remaining flat, according to the MSE weekly report.
The Malawi All Share Index (Masi), the overall measure of trading activity on the market, closed at 12 661.60 points due to non-movement in both the domestic share index and foreign share index which closed at 9 954.42 points and 1 709.34 points respectively.
Out of the counters that registered trading activity, Mpico Limited led the way with more than one million shares changing hands with the least recorded in Standard Bank at 3 400 shares.
In all, the market transacted 3.6 million shares, raising K63 million ($149 232.84) in 36 deals.
The market is expected to pick up when earnings results are released and investors will make decisions on investments.