5 counters gain, MSE raises K75m
Five counters added value on the Malawi Stock Exchange (MSE) with K75 million [$208 193.76] worth of business transacted in 29 deals, the shares market weekly report has shown.
The positive shift on the five counters, FMB, National Bank of Malawi (NBM), NBS Bank, Standard Bank and National Investment Trust Limited (Nitl), pushed the Malawi All Share Index (Masi) and Domestic Share Index (DSI) by 2.48 percent and 2.51 percent respectively.
FMB gained K2.50 to close the week at K19 per share with three million shares changing hands while NBM’s share price inched up to K172, a gain of K2.40 per share having traded 13 830 shares with NBS Bank gaining a paltry 50 tambala to close the week at K13 per share out of 475 448 shares, according to the report for the week ended September 20 2013.
Standard Bank which traded thinly with only 2 200 shares gained K14.75 to close the week at K280 per share while Nitl, the only listed collective investment scheme, transacted 80 589 shares with the counter’s share price gaining K2 to close the week at K27.50 per share.
The foreign share index, anchored by one counter Old Mutual plc, remained stuck at K1 031.50 per share.
