{"id":78710,"date":"2019-06-04T03:34:41","date_gmt":"2019-06-04T01:34:41","guid":{"rendered":"http:\/\/www.times.mw\/?p=78710"},"modified":"2019-06-04T03:34:41","modified_gmt":"2019-06-04T01:34:41","slug":"stock-market-bullish-in-elections-results-week","status":"publish","type":"post","link":"https:\/\/archive.times.mw\/index.php\/2019\/06\/04\/stock-market-bullish-in-elections-results-week\/","title":{"rendered":"Stock market bullish in elections results week"},"content":{"rendered":"<p><strong><em>By Taonga Sabola:<\/em><\/strong><\/p>\n<p>The Malawi Stock Exchange (MSE) was bullish last week as Malawians waited for and digested the results of the May 21 Tripartite Elections.<\/p>\n<p>The elections saw a tight race between Democratic Progressive Party (DPP) President Peter Mutharika and Malawi Congress Party (MCP) president Lazarus Chakwera, which saw Mutharika being declared <a href=\"http:\/\/www.times.mw\/peter-mutharika-re-elected\/\">the winner<\/a>.<\/p>\n<p>During the week, the indicative Malawi All Share Index (Masi) gained 517.97 points, and closed at 29 246.08 points thanks to price gains in two counters.<\/p>\n<p>Press Corporation Limited shares gained K200 each to close at K1400 while Mpico shares gained K1.50 each to close at K19.50.<\/p>\n<p>National Bank of Malawi (NBM) was the only counter to register a share price loss as its stocks shrunk by 1.35 percent from K370 to K364.99.<\/p>\n<p>The Foreign Share Index was constant at 4,521.94 points due to constant share prices in Old Mutual and FMB Capital Holdings.<\/p>\n<p>The market traded a total of 39,717,395 shares with a turnover of K1.7 billion.<\/p>\n<p>The MSE enjoyed a better May, registering price gains throughout the month.<\/p>\n<p>The MSE has three platforms, namely the Main Board, Alternative Capital Market and Debt Market.<\/p>\n<p>The Main Board is meant to cater for larger and well-established companies while the Alternative Capital Market was established to provide opportunities to small and medium sized enterprises who would like to raise capital at a lower cost by accessing public funds.<\/p>\n<p>The Debt Market caters for issuers that would want to raise capital as opposed to share capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Taonga Sabola: The Malawi Stock Exchange (MSE) was bullish last week as Malawians waited for and digested the results of the May 21 Tripartite Elections. The elections saw a tight race between Democratic Progressive Party (DPP) President Peter Mutharika and Malawi Congress Party (MCP) president Lazarus Chakwera, which saw Mutharika being declared the winner. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":78713,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-78710","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\/78710","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=78710"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/78710\/revisions"}],"predecessor-version":[{"id":78714,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/78710\/revisions\/78714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/78713"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=78710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=78710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=78710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}