MSE closes flat due to static indices
Malawi All Share Index (Masi), a measure of trading activity on the Malawi Stock Exchange (MSE), was steady last week at 15573.68 points due to a non-movement in both the Domestic Share Index (DSI) and the Foreign Share Index (FSI).
This was despite the market recording trading activity in 10 counters, namely FMB, Illovo Sugar (Malawi) Limited, Mpico, National Bank of Malawi (NBM), Nico Holdings, Old Mutual Limited, Press Corporation Limited, NBS Bank, National Investment Trust Limited (Nitl), Sunbird Tourism Limited and TNM plc.
The MSE weekly market update shows that in the week, DSI and the FSI remained stable at 12 228.65 points and 2 325.21 points respectively.
During the week, 124 629 shares were transacted at a consideration of K8.4 million in 15 deals.
This is however a jump from of 313 034 shares that were transacted in the previous week at K9 million in 12 deals.
During this week the market recorded trading activity in eight counters, namely, FMB, Illovo Sugar, NBM, Nico Holdings, Nitl, Standard Bank, TNM and Old Mutual Limited.
On the Treasury bills (T-bills) market, at the auction held on June 6, the average yield on the 91 days T-bills, the 182 days T-bills and 364 days T-bills fell by 0.014 percent from 21.43 percent to 21.47 percent , 0.14 percent from 21.98 percent to 21.84 percent and by 0.0.00007 percent from 23.0007 percent to 23.0000 percent respectively.
