FMB pulls down Masi

A 50 tambala share price loss in FMB on the Malawi Stock Exchange last week was enough to dip the all share index by 22.50 points despite a 30 tambala gain by NBS Bank.

According to the Malawi Stock Exchange (MSE) report for week-ended  January 27 2012 the FMB share price drop pulled down the domestic share index, the measure of domestic counters’ performance, to 4 220.33 points.

FMB shares dropped to K6.50 per share from the previous week’s K7 with 175 000 shares changing hands.

On the other hand, NBS Bank, with 999 438 shares transacted, moved to K10 per share from K9.70.

The foreign share index with only one counter, Old Mutual plc (OML), was steady at 535.42 points. The counter has not registered any price movement since the start of the year.

During the week, according to the report, eight counters recorded trading activity with Nico Holdings Limited registering the highest number of shares changing hands at 1.1 million. OML registered the least number of shares transacted 300.

Overall, 2.4 million shares were transacted in the week raising K33 million ($198 555.67) in 39 deals.

The MSE has 14 counters.