Business and Finance

Stock Exchange sustains bullish run

Stock Exchange sustains bullish run

The Malawi Stock Exchange (MSE) recorded heightened trading activity across the 16 listed companies, with total market capitalisation reaching K29.82 trillion.

This is according to a market report for the week ending March 28, 2025.

During the week under review, National Bank of Malawi (NBM) plc maintained its position as a market heavyweight, trading 137,115 shares valued at K850.13 million.

The bank closed at K6, 200.10 per share, reflecting its resilience and investor confidence.

FDH Bank plc closely followed, with an impressive volume of 910,328 shares, trading at a total value of K286.93 million and ending the week at K315.19 per share.

Illovo Sugar Malawi plc also recorded steady performance, closing at K1, 791.64 per share with a total value of K44.05 million.

Meanwhile, Airtel Malawi plc saw 2,398,380 shares exchanged at a closing price of K128.24, resulting in a total trade value of K307.47 million.

Press Corporation plc experienced notable gains, closing the week at K2, 875.01, up from an opening price of K2,500.19 whereas FMB Capital Holdings (FMBCH) faced downward pressure, dropping to K1,384.50 after starting the week at K1,412.23.

In an interview, Stockbrokers Malawi Limited Chief Executive Officer Noel Kadzakumanja said he expected the trend to continue in coming months.

“We have noted a growing interest in investing in shares, especially by individuals, and this has increased demand and prices of shares.

“The current economic situation and good performance of many listed companies are making shares a more attractive investment avenue,” Kadzakumanja said.

In an earlier interview, financial market analyst Bond Mtembezeka said such trends are fundamentally the momentum the market had generated.