MSE bullish in third quarter—report
Malawi Stock Exchange (MSE) was bullish in the third quarter (Q3) of 2017 as it registered a positive return on investment of 26.3 percent compared to 4.71 percent in Q3 of 2016, a market report has shown.
This is reflected in the upward movement of the benchmark Malawi All Share Index (Masi) from 15 772.51 points recorded on July 1 2017 to 19 920.42 points on September 30 2017.
The third quarter market report said daily average share trades exhibited similar trends where the market registered an average daily volume of 5.7 million shares compared to 1.3 million shares traded in the corresponding in 2016.
The report said NBS Bank Plc, Nico Holdings Limited Plc, TNM, Plc Mpico Limited and FMB Plc were the top five traded stocks by volume during the period.
Earlier, MSE chief operations officer Esnart Chilije said the market is set for strong performance on the back of macroeconomic stability.
