The Malawi Stock Exchange (MSE) recorded a mixed performance last week, with National Bank of Malawi (NBM) plc and FDH Bank plc registering highest traded values.
NBM dominated the trading floor, with transactions worth K2.68 billion from 432,875 shares.
The counter closed at K6, 200.11 per share, showing remarkable stability with minimal fluctuations between its weekly high of K6, 200.14 and low of K6, 200.10.
FDH Bank plc followed closely with a total value of K2.26 billion from 7,162,955 shares traded.
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The company closed the week at K315.20, maintaining steady performance with only marginal movements throughout the trading period.
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NBS Bank also demonstrated strong market activity, with 2,264,276 shares valued at K790.72 million changing hands. The bank’s share price closed at K349.01, slightly down from its weekly high of K349.52.
The telecommunications sector showed contrasting trading patterns, with Airtel Malawi recording transactions worth K60.43 million from 471,881 shares, closing at K128.05 with a market capitalisation of K1.41 trillion.
Meanwhile, TNM plc saw 3,877,134 shares, valued at K101.50 million, traded, with its share price closing at K25.00, down from its opening price of K26.27.
Standard Bank plc continues to maintain its position as the highest-priced stock on the MSE, closing at K7, and 935.07 per share after 14,690 shares valued at K116.57 million were traded during the week.
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Illovo Sugar Malawi saw transactions worth K49.35 million from 27,543 shares, closing at K1, 791.69 whereas Press Corporation plc recorded trades worth K637.26 million from 254,899 shares, closing at K2,500.19.
Sunbird Tourism did not record any trading activity during the week, with its share price remaining static at K300.03.
In an interview, Minority Shareholders Association of Listed Companies General Secretary Frank Harawa said this kind of behaviour was common in stock markets globally, especially after a period of strong performance. “The release of financial reports is a critical time for investors, as it provides insights into companies’ performances and potential future growth,” Harawa said.
