A 30 tambala share price gain in TNM plc last week pushed up the indicative market benchmark by 0.49 percent to close the week at 14 105.90 points, a market report has shown.
TNM plc share price jumped from K6.70 to K7 each last week, the only counter that recorded share price gain on the 13-counter market.
During the week, MSE traded 3.3 million shares raising K52.2 million in 15 trades in the week ending March 17, up from 799 000 shares in 12 deals the previous week.
The foreign share index, anchored by one foreign counter, Old Mutual plc, remained stagnant and has been like that for a number of months now.
Compared to the previous week, the MSE performance during the week increased in both value and volumes terms, according to the report.
On the Treasury bills (T-bills) the average yield on the 91 days tenor fell by 0.0015 percent to 23.9974 percent while the 182 days tenor and the 364 days tenor inched upwards by 0.0011 percent from 25.3989 percent to 25.4000 percent and 0.0760 percent from 25.3521 percent to 25.4281 percent, respectively.
In the week under review, the shares market recorded trading activity in seven counters, namely Illovo Sugar (Malawi) Limited, NBS Bank, National Investment Trust Limited, Standard Bank, Sunbird Tourism Limited, TNM plc and Old Mutual Limited.