MSE closes flat
The Malawi All Share Index (Masi), the overall measure of market performance, closed steady at 5 886.82 points due to no share price gains last week, the Malawi Stock Exchange (MSE) report shows.
Both the Domestic Share Index, the measure of domestic counters’ performance and the Foreign Share Index, anchoring one foreign counter, were also stuck at 4 643.08 points and 628.43 points, respectively, according to the report for the week ended June 8 2012.
During the week, the market registered trading activities in five counters namely, Illovo Sugar (Malawi) Limited, Mpico Limited, NBS Bank, National Investment Trust Limited and the only foreign counter, Old Mutual plc (OML).
The activity in five counters resulted in over one million shares changing hands raising K19.6 million ($72 074.89) in 15 deals.
The MSE has 14 counters with 22 million shares on issue.
In another development, at the Treasury Bills (TBs) auction held on June 5, 2012, the average yield on the 91 days T-Bills tenor increased by 1.63 percent to 16.92 percent from 15.29 percent where as the 182 days dropped by 0.18 percent to 16 percent from 16.18 percent.
There were no bids for the 364 days T-Bills resulting in K1.263 billion being raised against an announced amount of MK1.226 billion.
