NBS, NBM shares up as MSE gains 9.9%
NBS Bank plc and National Bank of Malawi (NBM) plc shares surged 79 and 32 percent, respectively, on Malawi Stock Exchange (MSE) as the bourse starts 2025 strongly, recording 9.9 percent return in two weeks.
The Malawi All Share Index, a measure of trading activity on the local exchnge, closed at 189 195.88 on Friday January 17 2025 from 172 039.93 in December 2024, gaining 9.97 percent after soaring share prices of several companies led by NBM plc.

NBS Bank plc share value jumped 79.04 percent from K174.07 on December 31 to K311.66 per share last Friday as the Nico Holdings plc subsidiary expects a 147 percent profit jump to a maximum of K72.5 billion.
Meanwhile, NBM plc shares, which closed 2024 at K3462.17, gained 14.8 percent in a single day trading on Tuesday January 14 from K3981.5 to K4571.07 per share before closing the week at K4578.50 on Friday.
This means NBM share value gained 32.2 percent in a fortnight and its board chairperson Jimmy Lipunga described the news as a welcome development to shareholders, at a time annual profit is projected to hit K98 billion.
“As you know, this is coming at a time the bank’s trading statement indicated prospects of a significant profit. It might be that more investors are attracted with that projection, although we are still waiting for the actual results in the coming months,” he said.
In a separate interview, stock market investor and a member of Minority Shareholders of Listed Companies, Joe Maere, said when some of the most valued shares register significant price jumps, it gives more confidence to investors.
Earlier, MSE chief operations officer Keline Kondowe described the market performance as impressive since the release of first half results which were largely impressive and guaranteed positive prospects.
Apart from NBS Bank and NBM, price gains were also registered in Standard Bank Sunbird Tourism plc and Illovo Sugar Malawi plc while Airtel Malawi plc and TNM plc registered slight share price losses.