The Malawi Stock Exchange (MSE) maintained a positive performance in June this year, with the Malawi All Share Index (Masi) moving upwards to 108,656.97 points from 102,837.75 points the previous month.

     

    The Masi went up by 5.6 percent month-on-month while year-to-date return on the Masi is 75.15 percent.

     

    This comes as financial market experts recently predicted an increase in investments and continued improvement in trading activity on the stock market in the second half of the year on the back of a positive outturn in the past six months.

     

    A June 2022 Monthly Report by asset management firm Bridgepath Capital Limited shows that the local bourse also registered an increase in the return on index.

     

    It says that in June 2023, Icon Properties was the largest share price gainer on the stock market as its share price increased by 68.65 percent to K18.99 per share from K11.26 per share in May 2023.

     

     

    NBS, FMB, NITL, TNM, NBM and Standard Bank also posted share price gains.

     

    Gains for BHL, Sunbird and Airtel were, however, marginal according to the report.

     

    “In June 2023, OMU was the largest share price loser as its share price decreased by 14.86 percent to K960.00 per share from K1,127.51 per share in May 2023. There were also marginal share price losses for PCL, Illovo, FDH Bank and Nico,” the report reads.

     

    MSE Chief Operating Officer Kelline Kondowe said going into the second half of 2023, the outlook remains positive.

     

    “We are aware that there are a number of downside risks within the macroeconomic environment but, so far, the market has shown resilience,” Kondowe said.

     

    Minority Shareholders Association of Listed Companies General Secretary Frank Harawa said, so far, the year has been good as investors have made good returns.

     

    “We are happy with the performance of the market and with trading statements coming out, we expect more positive performance,” Harawa said.

     

    MSE has 16 counters, with the banking sector commanding the majority of the companies listed.

     

    MARKET STATUS: CLOSED

    loading...
    Gainers
    Decliners
    Volume
    SUNBIRD TOURISM196.00+0.50%01/03
    AIRTEL MALAWI50.0057,62901/03
    FDH BANK65.1523,42701/03
    TELEKOM NETWORKS MALAWI12.006,15001/03
    NATIONAL BANK OF MALAWI2,101.801,48801/03
    SUNBIRD TOURISM196.001,26801/03

    🇲🇼 Malawian Kwacha



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