Malawi Stock Exchange (MSE)-listed NBS Bank plc has posted remarkable gains on the capital market, with its share price rising to K539 per share as of June 17, up from K344 per share at the start of the year.
This represents a 209.9 percent increase year-to-date, making NBS Bank one of the top-performing counters on the stock exchange in 2025.
Within the past two weeks, NBS Bank share prices grew by 56.7 percent.
The upward trajectory is even more dramatic when viewed from the start of the year,
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The stock surge comes on the back of strong operational and financial performance by the bank as, in the 2024 financial year, NBS Bank reported a 148 percent rise in profit-after-tax, climbing from K29 billion in 2023 to a record K73 billion.
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In an earlier interview, NBS Bank Chief Executive Officer Temwani Simwaka said the bank’s transformation has been underpinned by enhanced digital services, improved credit management and strategic investments in its core banking systems, boosting investor confidence.
Several other counters on MSE have also registered substantial gains between January 2, 2025 and June 18, 2025.
FDH Bank, for instance, has more than doubled its share price since January, rising from K148.22 to K314.
Similarly, FMB Capital Holdings has posted an impressive rally, with its stock appreciating from K555 to just over K1,000.
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Illovo Sugar share price rose from K1, 355.08 to K1,791.36, and National Bank’s stock nearly doubled from K3,463 to K6,200.28.
Nico also recorded a notable surge from K419.02 to K776.37 while Old Mutual climbed from K1, 950.01 to K2,500.
Meanwhile, Standard Bank emerged as one of the top performers, registering a steep climb from K6,483.95 to K10,999.54.
MSE Chief Executive Officer John Kamanga said the market has seen elevated demand from investors, which has resulted in an upward push in prices in most counters.
“As we are approaching the half-year reporting period of most listed companies, investors are expecting a good performance of these companies, hence a rush to benefit from the interim dividend that would be declared,” Kamanga said
He added that the other contributing factor is growing investor confidence, utilising the market as a safe haven to hedge their investment against the inflation and exchange rate erosion of their assets.
Capital market analyst Kondwani Makwakwa said the current surge may be driven by positive sentiment around past performance, and the belief that these companies will continue to perform well, given the current operating environment.
