The Malawi Stock Exchange recorded mixed performance in the second week of 2026, with some counters registering gains while others declined.
Trading statistics for the week ending January 9 show Sunbird Tourism posting the strongest gain, closing at K1,486.66 from K977.50 the previous week, representing a 52 percent increase.
FDH Bank shares declined marginally to K599.07 from K599.92 while those of First Merchant Bank dropped to K3,187.07 from K3,197.00.
Press Corporation Limited experienced the steepest decline, falling to K7,828.64 from K8,728.11, a drop of approximately 10.3 percent.
National Bank of Malawi shares eased to K11,987.59 from K11,995.00 while those of NBS Bank declined to K906.92 from K913.78.
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Standard Bank shares remained relatively stable, at K4,248.44, compared to K4,248.45 in the previous week.
Nico Holdings closed at K1,735.62, down from K1,737.88, while Illovo Sugar remained flat at K2,330.18 from K2,330.12.
Airtel Malawi closed at K120.74, unchanged from the previous week, while TNM shares declined to K31.41 from K31.47.
Trading volumes declined significantly during the week, with approximately 5.4 million shares changing hands compared to 24.7 million the previous week.
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Total market capitalisation stood at K32.8 trillion as of January 9, 2026, reflecting the cumulative value of all listed companies.
The mixed performance reflects cautious investor sentiment amid ongoing economic challenges, including high public debt and inflation pressures, which are affecting corporate earnings and investor confidence.
In a recent interview, market analyst Brian Kampanje said performance had been great in enabling shareholders to register massive capital gains in some counters and indeed enrich those who decided to dispose of partly or wholly on those counters.
“There is still a possibility that some counters are overvalued and the best way to deal with that is to increase the number of shares through share splits or rights issue so that more shares are available to allow the shares to find their true value,” Kampanje said.
