An update of activities at the Malawi Stock Exchange for the month of April shows that the market made a turnover of K3.6 billion after 80.9million shares exchanged hands. This translates into an equivalent of $4.9 million<\/p>\n
Major trades were recorded in Sunbird, where 13 million shares traded hands to the value of K1.27 billion and First Merchant Bank Capital Holdings (FMBCH), which traded 9.8 million shares worth K1 billion.<\/p>\n
A weekly commentary published by Cedar Capital Limited, a firm working as broker and dealer, shows that other notable trades were recorded in Mpico (K521 million); TNM (K281 million) and Nico (K263 million).<\/p>\n
All counters were seen active during the month with the exception of Blantyre Hotels Limited\u2014 which has not traded since the beginning of the year.<\/p>\n
The Malawi All Share Index moved from 25287 at the beginning of the month to close at 27092, representing a rise of 7.1 percent over the month.<\/p>\n
\u201cGenerally, stocks rallied from 2016 on trading statements with the result that some of them were fully priced by the time of results. We fear there are some that have been overpriced and we expect market correction going forward,\u201d the report reads.<\/p>\n
The stock market has been buoyant all through the first quarter of 2018, registering a positive return on index of 17.08 percent and an increase in both total traded value and volume.<\/p>\n
This led the Malawi All Share Index to move from 21598.07 points registered on January 1 2018 to 25286.79 points on March 31 2018.<\/p>\n
Now a few days into the second quarter, the market is still maintaining its bullish run, trading 43.6 million shares to give a turnover of K1.7 billion during the week ending May 4. This is compared to 1.8 million shares worth K259.1million realised in 30 trades the previous week.<\/p>\n
Nico traded the most value at K 1.6 billion or 93 percent of the market.<\/p>\n
\u201cStandard bank recorded a drop in price of K8.57 to K631.43. There were no risers,\u201d the report indicates.<\/p>\n
Market analyst, Armstrong Kamphoni has since indicated that the market is likely to maintain its bullish run owing to good performance of most listed companies.<\/p>\n
He said improvements in share prices are instilling confidence and should attract more investors to the stock market.<\/p>\n
\u201cInvestors invest in companies that have a good performance and that influences performance of the market,\u201d Kamphoni said in an earlier interview.<\/p>\n","protected":false},"excerpt":{"rendered":"
An update of activities at the Malawi Stock Exchange for the month of April shows that the market made a turnover of K3.6 billion after 80.9million shares exchanged hands. This translates into an equivalent of $4.9 million Major trades were recorded in Sunbird, where 13 million shares traded hands to the value of K1.27 billion […]<\/p>\n","protected":false},"author":3,"featured_media":58778,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-64958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/64958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=64958"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/64958\/revisions"}],"predecessor-version":[{"id":64959,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/64958\/revisions\/64959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/58778"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=64958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=64958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=64958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}