MSE closes flat, no share price gain
The Malawi Stock Exchange (MSE) closed flat on Friday owing to a lack of share price movement on the 14 counter market, a report has shown.
As a result of this, the Malawi All Share Index (Masi)—the overall measure of the stock market—remained steady at 13 589.36 points due to a non-movement in both the domestic share index (DSI) and the foreign share index (FSI).
This is despite the market recording trading activity in nine counters, namely FMB, Illovo Sugar (Malawi) Limited, Mpico Limited, National Bank of Malawi, NBS Bank, National Investment Trust Limited, Standard Bank, Sunbird Tourism Limited and TNM.
A MSE shares market report for the week ending February 24 2017, shows that DSI and FSI closed the week at 1 0670.72 points and 2 026.07 points, respectively.
During the week, a total of 794 586 shares were transacted raising K15 million in 20 deals.
This is a jump from a total of 313 034 shares transacted a week before at a value of K9 million in 12 deals.
During that week, the market recorded trading activity in eight counters, namely FMB, Illovo, National Bank of Malawi, Nico Holdings Limited, Nitl, Standard Bank, TNM and Old Mutual Limited.
But on the Treasury bills (T-bills) market, the average yield on the 91 days T-bills and the 182 days T-bills inched upwards by 0.0092 percent from 23.98 percent to 23.99 percent and 0.0627 percent from 25.33 percent to 25.39 percent respectively at the auction held on February 21.
The 364 days T-bills on the other hand, decreased by 0.22 percent from 25.57 percent to 25.35 percent the previous week.
