Standard Bank share price up 1.7%
The Malawi All Share Index (Masi) last week gained 10.11 points on the back of a 1.7 percent gain in Standard Bank share price, according to the Malawi Stock Exchange (MSE) weekly report.
Masi is the overall measure of the Malawi Stock Exchange (MSE) performance.
The bank’s share price gained K2 to close the week K118 per share from K116, pushing the domestic share index (DSI), the measure of local counters’ performance, by 8.07 points to 4 710.27 points from 4 702 points the week before.
During the week, the report shows, the Foreign Share Index (FSI), anchored by one counter Old Mutual plc (OML), remained steady at 684.99 points because of no share price movement.
Active counters in the week were FMB, Mpico Limited, NBS Bank, Standard Bank and OML resulting in a total of 155 288 shares changing hands raising K1.7 million ($6 033.77).
Most of the listed companies have released their earnings, but there has not been much excitement from investors; hence, a subdued market performance, according to analyst.
The MSE has 14 counters with more than 23 billion shares on issue.
