Thursday, May 19, 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 weekly turnover slump

by Staff Writer
13/05/2013
in Business News
1 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

The Malawi Stock Exchange (MSE) weekly turnover dropped to K41.3 million (about $103 250) from the previous week’s K1.4 billion (about $3.5m) largely affected by less shares at 7.5 million transacted in seven counters.

Comparatively, the previous week the market transacted 775 million shares in six counters, according to the share market report.

In the week, the only foreign counter Old Mutual plc (OML) gained K6 to close the week at K886 effectively moving up the Foreign Share Index (FSI) by 1.84 percent.

National Investment Trust Limited (Nitl) also inched upwards by six tambala to K17 per share with 1.2 million shares changing hands on the counter.

The movement in Nitl and OML resulted in a positive shift of 0.64 percent on the overall measure of market performance Malawi All Share Index (Masi) while the Domestic Share Index (DSI), the gauge of domestic counters’ performance took a modest upward shift and rested at 4 989.85 points due to Nitl’s gain.

FDH Stockbrokers Limited, in their weekly commentary, said all the “highly demanded counters, National Bank of Malawi, Standard Bank and Illovo Sugar (Malawi) Limited registered trades, but at the back of marginal volumes as the week ended.”

Previous Post

Illovo profit up 161 percent

Next Post

Malawi maize exports grow despite ban

Related Posts

Cotton is one of the country’s lucrative crops
Business News

Farmers set to sell 23 000MT of cotton

May 18, 2022
Maize prices continue to escalate on the market
Business News

Retail maize prices up 13%

May 18, 2022
Business News

IMF gives children charity K10m grant

May 18, 2022
Next Post

Malawi maize exports grow despite ban

Opinions and Columns

Candid Talk

Know your place in his/her life

May 15, 2022
People’s Tribunal

Why can’t we start with implementing the reforms?

May 15, 2022
Big Man Wamkulu

My wife is a WhatsApp addict

May 15, 2022
My Thought

Two years of nothing but development rallies

May 15, 2022

Trending Stories

  • CAF accepts FAM’s request on Flames fixture shift

    0 shares
    Share 0 Tweet 0
  • UTM party vehicle issue goes to MRA

    0 shares
    Share 0 Tweet 0
  • Muluzi, state in endless match

    0 shares
    Share 0 Tweet 0
  • Cooking oil shortage hits Malawi

    0 shares
    Share 0 Tweet 0
  • Batatawala, 3 others back in court

    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.