NBS dominates trading on MSE – The Times Group

Unlocking Market Opportunities: NBS Leads Trading on MSE

Post was last updated: May 28, 2025

Key Business Points

  • Invest in established banks like NBS Bank, which maintains strong investor interest, despite modest declines in stock price.
  • Watch the telecommunications sector, where stocks like Airtel Malawi are showing mixed performance, and TNM is maintaining price stability.
  • Take note of the real estate sector, which is showing subdued activity, with counters like Mpico and Icon trading at relatively low prices.

The Malawi Stock Exchange (MSE) has seen significant activity in recent weeks, with NBS Bank dominating trading activity. The bank’s stock closed at K340.52, down from its weekly high of K342.63, after recording 220 separate trades worth over K12.8 billion in total value. NBS Bank’s market capitalisation stands at K991.1 billion, making it one of the largest companies on the exchange. Despite the modest decline, the bank maintained strong investor interest throughout the trading period.

Standard Bank maintained the highest share price on the exchange, closing at K9,504.71 after 31,959 shares were traded across 29 transactions. The bank’s stock fluctuated between K9,502.12 and K9,508.00 during the week, maintaining its position as the most expensive counter on the MSE with a market capitalisation of K2.23 trillion.

In the broader banking sector, First Merchant Bank (FMBCH) experienced significant volatility, opening at K1,114.62 but closing substantially lower at K989.80. The stock recorded a weekly high of K1,114.00 before declining to K900.00, representing a notable movement that attracted 1.08 million shares in trading volume across 33 transactions.

FDH Bank demonstrated relative stability, closing at K313.92 after nearly one million shares were traded. Its stock maintained a tight trading range between K313.91 and K314.04, with 118 trades executed during the period. FDH market capitalisation stands at K2.16 trillion, making it one of the largest companies by market value.

Telecommunications stocks showed a mixed performance during the review period, with Airtel Malawi seeing its stock price decline from an opening of K128.39 to close at K127.95, despite recording over 1.5 million shares in trading volume. TNM recorded comparatively lower activity with 4.6 million shares traded at K23.00, maintaining price stability within a narrow band of K22.99 to K23.00.

Analysts are divided on the current state of the local bourse, with some citing increasing liquidity and renewed interest from investors, while others say the market is still in wait-and-see mode. The high transaction volume for NBS shares offers good news to shareholders, according to Minority Shareholders Association of Listed Companies Chairperson for the Central Region Chapter Purity Chitalo. As the market continues to evolve, businesses and investors would do well to keep a close eye on these developments and consider opportunities in areas like banking and telecommunications.

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Vanessa Banda
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