The Malawi Stock Exchange (MSE) recorded a mixed performance in the week ending January 24 2025, with several key counters showing notable trading dynamics.
According to a published market weekly performance report, banking and financial sectors emerged as standout performers, with First Merchant Bank (FMBCH) leading the charge.
The counter recorded an impressive trading volume of 200,362 shares, maintaining a stable price around K555, with market capitalisation exceeding K1.36 trillion.
NBM plc also made waves, emerging as the most traded counter with 142,335 trades and a substantial market capitalisation of K2.56 trillion.
The bank’s share price fluctuated between K4,578 and K5,600, highlighting investor confidence in the financial sector.
Telecommunications sector player, Airtel Malawi, showed resilience, with 45 trades and a market cap of K923.34 billion.
The counter maintained a tight trading range, closing at K83.94 per share.
Notably, some counters such as Standard Bank saw minimal activity, with zero trades recorded despite a substantial market capitalisation of K1.62 trillion.
The manufacturing sector also caught attention, with Illovo maintaining a steady position at K1,355.08 per share, demonstrating the continued importance of agricultural investments in the Malawian market.
Other counters such as Icon Properties and TNM showed modest but stable performance.
In a recent interview, Stockbrokers Malawi Limited Equity Research Analyst Kondwani Makwakwa said trading had been favourable on the market, particularly following the release of profit forecasts in December 2024.
“The positive outlook presented in the forecast influenced investors’ perceptions, leading them to reassess and attribute a higher valuation to the listed performing companies than previously anticipated. This increase in market capitalisation suggests that investors have greater expectations for the future performance and profitability of listed companies,” Makwakwa said
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