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Shareholders of five companies out of the 14 counters listed on the Malawi Stock Exchange (MSE) can afford a smile following significant capital gains the companies have registered in May.

The five are Nico Holdings limited, National Investment Trust Limited (NTL) , TNM, Press Corporation Limited (PCL) and Sunbird Tourism Limited.

According to a monthly market performance report released on Monday by the exchange, Nico registered a 20.80 percent gain followed by NTL with a 13.33 percent gain.

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TNM registered a 9.76 percent gain while PCL gained 5.56 percent and Sunbird Tourism Limited registered a 4.92 percent gain.

The development has reflected on the return on investment as it inched upwards by 2.43 percent.

This means that the value of shareholding has grown among shareholders of the five counters.

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During the period, the Malawi All Share Index grew from 15203.97 in April to 15573.68 at the end of the month of May.

The report further highlights an increase in both total traded value and volume. During the period, K1.3 billion was realised from trading 71,859,658 shares on the market.

This translates into a value growth of 70.4 percent when compared to K788.1 million realised in April.

However, Mpico was the only counter that registered a capital loss with a 6.98 percent margin in the month.

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