NBS Bank dips MSE
A 3.75 percent drop in the share price of NBS Bank last week dipped by 7.76 points the indicative Malawi All Share Index (Masi), according to Malawi Stock Exchange (MSE) weekly report.
The 45 tambala drop in the bank’s share price to K12 also pulled down the Domestic Share Index (DSI)—the gauge of domestic counters’ performance— by 6.19 points to close the week at 4 668.57 points.
During the week, six counters, namely; FMB, Illovo Sugar (Malawi) Limited, Mpico Limited, NBS Bank, National Investment Trust Limited (Nitl) and TNM register trading activity.
The Foreign Share Index (FSI) anchored by foreign counter, Old Mutual plc (OML) was steady at 754.12 points owing to no movement in the counter.
At the end of the week, a total of 176 005 shares were transacted during the week raising K2 million ($6 253.12) in 11 deals.
