National Bank’s worth on the Malawi Stock Exchange is now at K1.1 trillion, becoming the most capitalised company on the market.
This is a result of an increase in its share price from K2,120 to K2,400 per share as of yesterday.
Commenting on the development, Minority Shareholders of Listed Companies (Misalico) General Secretary, Frank Harawa, said the share price has risen because of the K71 billion profit the bank has announced.
Harawa says this means that shareholders are richer and he expects the share price to continue rising.
The development means MSE now has two counters with a market capitalisation of over K1 trillion as FMB Capital Holdings is worth K1 trillion.
