Malawi Broadcasting Corporation

Standard Bank market value hits K1 trillion

Standard Bank has become the second most valued company on the Malawi Stock Exchange as its market value has hit K1 trillion.

After trade on Monday, Standard Bank’s share price moved from K3,950 to K4,400, making its market value move to K1 trillion.

Market capitalisation is value found after multiplying a counter’s shares in issue with the share price.

Reacting to the development, the financial institution’s Chief Executive Phillip Madinga said the increase in value portrays confidence investors have in the company.

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