Bourse in sluggish performance
Malawi Stock Exchange (MSE) continues to struggle in its performance during the year as it has registered a negative return for the month of February.
According to monthly market performance report for the month of February, the market registered a downward movement of the Malawi All Share Index (Masi).
The Masi move d from 14440.24 points registered on 31st January 2016 to 14263.58 points registered on February 29, 2016, giving a monthly return on index of -1.22 percent.
During the month under review only one counter, Sunbird, registered a share price gain which was not enough to offset share price losses of four other counters.
The counters that registered share price losses include FMB, NBS Bank, NITL and TNM Limited.
This resulted into a decrease in the Domestic Share Index (DSI) by 1.24 percent from 11365.60 points to 11225.08 points.
However, the Foreign Share Index was steady at 1762.13 points during the month.
In terms of traded value, the market however, recorded an increase despite registering a decrease in traded volume.
The report indicated that a total of 1.8 million shares were traded on the bourse in February 2016 at a value of K106.5 million compared to 7.4 million shares traded in February 2015.
The report further indicated that there were no trades on the government listed bonds.