By Chimwemwe Mangazi
The Malawi Stock Exchange (MSE) closed the first week of March with mixed results, as some counters registered significant gains while others recorded notable losses.
An MSE weekly summary report shows that during the week under review, Standard Bank plc emerged the top performer, with its share price surging by 13.87 percent to K7,927.93 from K6,962.21.
The counter traded 16,538 shares valued at K130.81 million, pushing its market capitalisation to K1.86 trillion.
Illovo Sugar Malawi plc also demonstrated remarkable growth, with its share price climbing by 14.97 percent to K1,558.00 from K1,355.13.
Despite the significant price appreciation, trading volume remained modest, with only 2,142 shares changing hands.
The share price for telecommunications industry player TNM plc recorded a 10.67 percent drop to K26.30 from the previous week’s K29.44.
The counter saw 152,816 shares traded at a value of K4.30 million.
FMBCH plc recorded a marginal decline in share price, closing at K1,405.99 compared to the previous week’s K1,409.47.
But the counter remained active, with 703,378 shares, valued at K988.22 million, traded.
The market continued to show robust trading activity, with NBS Bank plc leading in trading volume at 2,699,895 shares, followed closely by Airtel Malawi plc with 1,831,804 shares.
NBM plc maintained its position as one of the highest-valued stocks at K6,200.07 per share, with a market capitalisation of K2.90 trillion, while Airtel closed at K128.02 with a market capitalisation of K1.41 trillion.
In a recent interview, Stockbrokers Malawi Limited Equity and Stock Market Analyst Kondwani Makwakwa said the stock market was experiencing strong demand for stocks, driving prices upward.
Minority Shareholders of Listed Companies General Secretary Frank Harawa described the trend as “a wonderful time for the shareholders”
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