PCL, Mpico push up Masi
The 14-counter Malawi Stock Exchange (MSE) registered a positive return on index on Friday as reflected in the upward movement of the indicative Malawi All Share Index (Masi) buoyed by price gains in two counters.
MSE market commentary by Nico Asset Managers Limited said the shares market was bullish as Masi closed 53.32 points up to settle at 15 902.10 points from 15 848.78 points on account of share price gains in Press Corporation Limited (PCL) and Mpico Limited.
PCL recorded a significant gain of K18.75 to move the share price from K516.25 to K535 while Mpico’s share price gained two tambala and pushed the price from K8.23 to K8.25.
These movements impacted the Domestic Share Index (DSI), the gauge of domestic counters’ performance, which increased to 12 528.39 points from 12 485.98 points while the Foreign Share Index (FSI) anchored by Old Mutual plc remained flat at 1 762.13 points.
