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Malawi Stock Exchange picks up in July

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The Malawi Stock Exchange (MSE) was bullish in July 2022, having transacted over 270.1 million shares at a total consideration of K4.6 billion ($4.5 million) in 360 trades.

This is up from a total transaction of 63.1 million shares at a total consideration of K1.09 billion ($1.07 million) in 287 trades during the previous month.

The performance reflects a 327.67 percent increase in terms of share volume traded and a 329.25 percent (327.30 percent in dollar terms) increase in share value traded.

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In its July Monthly Market Report issued Tuesday, the local bourse says daily average share trades exhibited similar trends where the market registered an average daily volume of 13.5 million shares compared to 2.8 million shares traded in June 2022, reflecting an increase of 370.43 percent.

The average daily turnover for July 2022 was K234.9 million ($228.9 million) compared to K49.7 million ($48,701.88) in June 2022, reflecting an increase of 372.18 percent (370.03 percent in US Dollar terms).

The market registered a positive return on index as reflected in the upward movement of the Malawi All Share Index (Masi) from 49596.14 points registered in June 2022 to 52889.87 points registered in July 2022, giving a month-on-month return on index of 6.64 percent (6.64% in dollar terms).

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“The price gains registered by Illovo, Standard Bank, PCL, NBM, Airtel, FDH Bank, NITL and Sunbird were enough to offset share price losses registered by FMBCH, TNM, NBS Bank, BHL, Mpico and Nico resulting into an upward movement of the Malawi All Share Index,” reads part of the report.

The Domestic Share Index inched upwards by 9.50 percent to 42717.13 points whilst the Foreign Share Index fell by 15.14 percent to 5548.61 points.

Market capitalisation increased in both Malawi Kwacha and US Dollar terms from K2.69 trillion ($2.62 billion) to K2.86 trillion ($2.79 billion).

Market capitalization as a percentage of GDP was at 25.64 percent in July 2022 and 24.08 percent in June 2022.

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