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February registers a 58% rise in share value on MSE

The Malawi Stock Exchange (MSE) has registered a 58.04% increase in the value of shares traded on the market.

This is contained in the performance report for the month of February that the MSE has released.

According to the monthly report, the exchange transacted a total of 21,645,195 shares at a total consideration of MK3.2 billion, equivalent to $1.9 million in 893 trades in the month of under review.

The is an increase from the transactions registered in January, where the market transacted a total of 11,982,617 shares at over K2 billion equivalent to $1.2 million in 870 trades. This represented an increase of 80.64% in terms of share volume traded.

However, it was not all rosy on the gains made on the Malawi All Share Index (MASI) as returns fell from 115,670.54 points in January to 113,039.66 points in the month under review.

Although there were gains registered in seven counters, but the MSE says this was not good enough to counter the price loses incurred on six other counters, resulting to a –2.27% return.

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