Stock market registers another quiet week
The Malawi Stock Exchange (MSE) continued with its lukewarm performance last week with no significant trading activity to warrant any price movements.
One of the country’s stockbrokers last week attributed the sluggish performance of the local bourse this time around to the attitude taken by investors to weigh their options in relation to the turbulent times the world economy is facing.
“It is likely that investors are taking a closer look at the current economic trend and developments and are trying to make better investment forecast for 2012; hence, the slowdown in trading activity,†observed a commentary from a stockbroker.
During the week, the market recorded trading activity in six counters, namely FMB, Illovo Sugar (Malawi) Limited, National Bank of Malawi (NBM), NBS Bank, Real Insurance and Old Mutual Limited plc.
A total of 169 330 shares were transacted during the week at a total consideration of K8 833 742.50 ($53 659.04) in 13 deals.
The Malawi All Share Index was flat at 5369.42 points due to a non-movement in both the Domestic Share Index and the Foreign Share Index which closed the week at 4238.39 points and 535.42 points respectively.
On the money market, during a Treasury Bill auction held on December 20 2011, the average yields on the 91 days decreased from 7.00 percent to 6.84 percent while that for 182 days increased from 7.43 percent to 7.61 percent.
The 364 days TB yield was recorded at 9.78 percent.
