Share price fall in FMB and Real Insurance Company of Malawi Limited pushed down the Malawi All Share Index (Masi) by 137.80 points to settle at 15 913.90 points from 16 051.70 last week.
Shares in FMB, one of the country’s four listed commercial banks, lost K3 in value from K19 to K16 while Real Insurance share price dropped by 30 tambala to close the week at K2 from K2.30, according to a Malawi Stock Exchange (MSE) weekly commentary.
However, there were share price gains in Mpico Limited from K8.20 to K8.21 and Standard Bank Malawi from K435 to K440, but these were not enough to offset the loss in the two counters.
At the close of business on Friday, the 14-counter MSE still remained bearish with domestic share index (DSI) decreasing to 12 647.38 points from 12 651.59 while the foreign share index (FSI), anchored by one foreign counter Old Mutual plc, remained flat at 1 762.13 points.
A total of nine million shares were transacted during the week, raising K72.9 million in 19 deals.