Mixed performance characterised the Malawi Stock Exchange (MSE) in April, 2021 as both shares traded and value decreased.
However, the Malawi All Share Index (Masi) surged during the month according MSE April Review Report issued on Friday.
According to the report, in the month, under review, the market transacted a total of 13,843,737 shares at a total consideration of K407, 594,341.60 ($515,727.21) in 232 trades while, in the previous month, the market transacted a total of 17,884,334 shares at a total consideration of K688, 596,224.08 ($878,203.81) in 262 trades.
This reflects a 22.59 percent decrease in terms of share volume traded and a 40.81 percent (41.27 percent in United States Dollar terms) decrease in share value traded.
“The market registered a positive return on index as reflected in the upward movement of the Masi from 32562.96 points registered in March 2021 to 33380.63 points registered in April 2021, giving a month-on-month return on index of 2.51 percent (1.49 percent in US$ terms),” the report reads.
Capital market analyst Cosmas Chigwe said despite a drop in share traded and value, gains registered in Masi reflects a good standing for the market.
“Investors look at the activity because it determines whether the market is active or not,” he said.
The price gains registered by FMBCH, Airtel, NBM and Standard were enough to offset share price losses registered by TNM, Icon, FDHB, Mpico and Nico.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
He is however flexible as he also writes about current affairs and national issues.