Stock market buoyant | The Times Group

Post was last updated: April 7, 2017

The Malawi Stock Exchange has registered an increase in return on investment of 9.44 percent in the first quarter of 2017, according to a market report for the quarter released on Wednesday.

This means that the value of shareholding has grown among shareholders of counters that registered positive trading trends during the period.

During the period, the Malawi all Share Index grew from 13320.51 in January to 14577.62 at the end of the month of March.

The report further highlights an increase in both total traded value and volume. During the period, K727.6 million was realised from trading 37 million shares on the market.

This translates in a value growth of 145.92 percent when compared to last year’s K295.9 million realised during the same period.

The development was attributed to price gains registered in Blantyre Hotels Limited, Illovo Sugar Malawi Limited, Mpico, National Bank of Malawi, Standard Bank, TNM and Old Mutual Limited.

FMB, Nico and National Investment Trust Limited registered share price loses.

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