Saturday, May 21, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

MSE closes in the red

by Staff Writer
12/11/2012
in Business News
1 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Despite improved activity at the Malawi Stock Exchange (MSE) last week, the market closed in the red owing to share price losses on two counters, according to a weekly report.

Share price losses in two banks, FMB and NBS Bank pulled down the overall indicative measure of market performance, the Malawi All Share Index (Masi)  by 28.53 points to close the week at 5 885.84, said the MSE weekly report.

But with eight counters; FMB, Illovo Sugar (Malawi) Limited, National Bank of Malawi, NBS Bank, National Investment Trust Limited, Standard Bank and TNM, registering trading activity, the market achieved an overall turnover of K88 million ($278 685) in 28 deals.

“However, the improvement in activity came at the expense of losses in share value on some counters,” says a weekly report from FDH Stockbrokers Limited.

In the week, FMB with 1.3 million shares changing hands lost 50 tambala to close at K6 from K6.50 per share while NBS Bank shed five tambala to close the week at K12.50 from 12.45 per share. The counter had 16 529 shares transacted.

Previous Post

Goodall schools Malawi on macroeconomic stability

Next Post

‘Malawi losing out due to trade barriers’

Related Posts

Gwengwe: Closing the gap requires two things
Business News

World Bank sees widened fiscal deficit

May 21, 2022
Malga wants central government to share revenue from this facility with the respective council
Business News

RFA, Malga disagree on toll gates revenue

May 21, 2022
A consumer loading prepaid electricity credit whose 
tariffs have been revised
Business News

Cama wants electricity tariffs reduced

May 21, 2022
Next Post

‘Malawi losing out due to trade barriers’

Opinions and Columns

Layman's Reflection

New IMF programme pivotal moment for Tonse Alliance

May 21, 2022
Family Table Talk

Historical lessons on the value of forgetting

May 21, 2022
My Diary

Politics of ‘kutola chikwama’

May 21, 2022
Bottom Up

Ukraine war: Sanctions backfire?

May 21, 2022

Trending Stories

  • CAF accepts FAM’s request on Flames fixture shift

    0 shares
    Share 0 Tweet 0
  • UN bets K66bn on LMC’s plan

    0 shares
    Share 0 Tweet 0
  • Laboratory scientists give government 14 day ultimatum

    0 shares
    Share 0 Tweet 0
  • No quick fixes to forex scarcity

    0 shares
    Share 0 Tweet 0
  • Onesimus leaves Major One Records

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.