The Malawi Stock Exchange (MSE) recorded mixed performance in October, with the overall market measure inching up by an average 1.21 percent despite registering a decrease in volume traded shares.

The MSE Market Performance Report for October 2022 published yesterday shows that the Malawi All Share Index (Masi), the overall measure of local shares market performance, rose from 54 389.92 points registered in September to 55 046.26 points registered in October.

Reads the report in part: “The price gains registered on Sunbird at 15.01 percent, National Investment Trust Limited at 11.61 percent, National Bank of Malawi at 6.03 percent, Airtel at 0.16 percent, Standard Bank at 0.05 percent, FMBCH at 0.02 percent and Illovo at 0.018 percent, were enough to offset share price losses in three counters, resulting in an upward movement of the Masi.”

The report shows that Old Mutual Malawi, FDH Bank plc and NBS Bank plc registered share price losses of 27.75 percent, 0.87 percent and 0.18 percent in that order.

During the review period, the market transacted 68 million shares, raising K5.68 billion in 506 trades. The volumes were lower than 157 million shares transacted during the corresponding period in September, but higher than K4.55 billion raised in 923 trades in September.

This reflects a56.47 percent decrease in terms of share volume traded and a 24.79 increase in share value traded.

Stockbrokers Malawi Limited chief executive officer Noel Kadzakumanja said the MSE performance this year reflects the current mixed business conditions. 

MSE operations manager Kelline Kondowe said in an interview that there has been quite a few developments within the macroeconomic environment which have heightened the  economic environment and impacted listed firms differently.

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