MSE closed higher in Nov, up 8.63%—report
The 16-counter Malawi Stock Exchange (MSE) registered a positive performance in November, with eight counters registering share price gains, sending the overall market measure up by an average 8.63 percent, a market report shows.
The report further shows that the local bourse registered an increase in both volume and value of traded shares.
Year-to-date, return on investment (ROI), an approximate measure of an investment’s profitability, stands at 31.8 percent, a jump from 28.32 percent in a similar period last year.
The MSE Market Performance Report for November 2022 shows that the Malawi All Share Index (Masi), the overall measure of the local shares market’s performance, inched upwards from 5 5046.26 points registered in October to 5 9795.69 points in November.
Reads the report in part: “The price gains registered on National Bank, Standard Bank, Nico Holdings, FMB Capital Holdings, TNM, FDH Bank, Airtel and Sunbird Tourism were enough to offset share price losses in National Investment Trust Limited, Old Mutual, NBS Bank, Icon properties, Mpico and Blantyre Hotels Limited resulting into an upward movement of the Masi.”
During the review period, the market transacted 398 million shares, raising K11.58 billion in 493 trades. This is higher than 68 million shares transacted in October, which raised K5.68 billion in 506 trades.
This reflects a 482.92 percent increase in volume of trades and a 103.88 percent increase in share value, according to the report.
“Daily average share trades exhibited similar trends where the market registered an average daily volume of 19 941 775 shares compared to 3 421 011 shares traded in October reflecting an increase of 482.92 percent,” reads the report.
It further shows that the average daily turnover for November was K579.27 million compared with K284.12 million for the corresponding year in 2021, reflecting an increase of 103.88 percent.
Speaking in an interview yesterday, MSE operations manager Kelline Kondowe said the positive performance on the market presents a return on investment, which at 31.8 percent is above inflation rate at 26.7 percent as at October.
She said: “We remain positive and believe we will close on a good note. The performance to date is definitely good news for investors as they would have gained significantly on their investments.
“We, therefore, would like to encourage more people to take interest in the stock market so that they too can benefit from the opportunities available to invest.”
Stockbrokers Malawi Limited chief executive officer Noel Kadzakumanja said in a separate interview yesterday that this year there has been a general improved stock performance for the half-year with the Masi higher than the similar period last year.
