Written on May 2, 2017
Gain as MSE trades 4.4m shares

A seven tambala and a one tambala share price gain in NICO Holdings PLC and TNM, respectively,  were enough to push slightly up the Malawi All Share Index (MASI) by four points to close the week at 15 620.11 points from 15 606.11, a market report has shown.A seven tambala and a one tambala share price gain in NICO Holdings PLC and TNM, respectively, last week were enough to push slightly up the Malawi All Share Index (MASI) by four points to close the week at 15 620.11 points from 15 606.11, a market report has shown. 

NICO Holdings share price jumped from K12.01 to K12.08 while TNM moved from K9.34 to K9.35. The two were the only counters that registered price gains on the local bourse.

During the week, the Malawi Stock Exchange (MSE) traded 4.4 million shares at a total consideration of k284.2 million in 8 deals. In the previous week, MSE raised about K333 million shares changing hands as a result of share price gains in six counters.
On the Treasury Bills (T-Bills) market, at the auction held on May 16, the average yield on the 91 days T-Bills, 182 days T-Bills and 364 days T-Bills fell by 0.17 percent from 21.48 percent to 21.30 percent, by 0.08 percent from 22.08 percent to 22 percent and 0.15 percent from 23.29 percent to 23.14 percent respectively
In the week under review, the market recorded trading activity in nine counters, namely , FMB, Illovo Sugar Malawi Limited, National Bank of Malawi, NBS Bank, NICO Holdings, Standard Bank, Sunbird Tourism, TNM and Old Mutual Limited.

Related Articles

NICO Group Supports efforts for energy generation growth

NICO Group which includes, NBS Bank and Eris Properties, has Sponsored MK12 million towards the 57th Association of Power Utilities of Africa (APUA) meetings. The meetings, which are being hosted by the Electricity Generation Company (EGENCO), will provide a platform...

NICO General opens Chichiri Shopping Centre Service Branch

NICO General has opened its first fully digital office and Service Centre at Chichiri Shopping Centre. The new branch, which extends NICO General’s self-managed centres to 5, was opened on Friday, 19 May 2023, with the message of encouraging shoppers to insure while...

NICO Supports efforts for national development

NICO Group which includes, NBS Bank and Eris Properties, has Sponsored MK15 million towards the first Malawi Investment Forum. The Forum, which is being hosted by the Ministry of Trade through the Malawi Consulate General, will be held from 24th – 25th May 2023 at...