The Malawi Stock Exchange (MSE) recorded another outstanding performance in the previous week, with eight counters registering price gains while two recorded price declines.
A Weekly Market Performance Report published by MSE indicates that Nico led the market surge with a remarkable 25.54 percent share price increase, trading at K830.68 compared to the previous week’s closing price of K661.68.
First Merchant Bank (FMBCH) showed robust performance, climbing by 24.75 percent from K1,129.87 to K1,409.47.
In the telecommunications sector, Airtel maintained its positive trajectory with a 13.28 percent price appreciation while TNM recorded a 12.93 percent increase, climbing from K26.07 to K29.44.
Sunbird Tourism also showed growth, with an 8.66 percent week-on-week price movement.
Trading volume remained substantial, with First Merchant Bank attracting significant investor interest, trading 254,519 shares and culminating in a market capitalisation of K3.46 trillion.
Airtel similarly demonstrated strong market presence, with 1,338,377 shares exchanged.
However, Icon Properties and NBS Bank experienced a slight 0.06 percent and 0.01 percent decline, respectively.
In an interview, Stockbrokers Malawi Limited Equity and Stock Market Analyst Kondwani Makwakwa said the stock market was experiencing strong demand for stocks, driving prices upward.
He said investors were actively buying shares in well-performing companies, reflecting confidence in their growth potential.
“However, to sustain this momentum, it is crucial for one or two more companies to consider listing on the local bourse, as this would provide investors with more options and further strengthen market growth,” Makwakwa said.
Minority Shareholders of Listed Companies General Secretary Frank Harawa described the trend as a wonderful time for shareholders.
“This tells you that now that the knowledge has gone out there, people are excited. Most people now know about the stock market,” Harawa said.
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