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Slow start for MSE

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The Malawi Stock Exchange (MSE) has started on a low in the first two months of 2020 witnessed by a negative 3.60 percent return on index registered during the period.

The market has also registered a decline in traded volumes at 34 million compared to 212 million during the same period last year.

This represents 83.9 percent drop in the volumes traded on the market.

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In an interview, MSE Chief Operations Officer, Kelline Kanyangala, attributed the trend to seasonal factors.

“For the first few months of year the market performance is slow, basically if you look at trends of households in Malawi you find that for most people need financing for farming, rents, school fees and such other obligations.

“…so some of those investors sell off their shares at a lower price to access the funds so it is common to register a negative return,” Kanyangala said.

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She however was quick to say the outlook is positive hence depending on the performance of individual counters on the market.

This comes a few weeks after the Market listed a new company, Airtel Malawi plc which saw increased trading after its Initial Public Offer was oversubscribed.

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