From 16th of August to the 23rd, the Malawi Stock Exchange registered a total of 1 152 911 shares with a total turnover of MWK37 331 341.34 in 64trades. MASI rose from 29,071.28 points in the previous week and closed at 29,153.01 points, due to an increase in NBS share price registered at 14.1%.
A weekly stock report shows that the FSI remained constant at 4 272.58 due to constant share prices in OMU and FMBCH. TNM (31%) and MPICO (28%) were the value leaders.
On the other hand, a statement of unaudited results published last Thursday, shows a 194% increase from K478 million posted during same time last year but 17% shy of the K1.6 billion profit for 2018.
The statement signed by the bank’s Chairman, Vizenge Kumwenda, Director, Mathews Mtumbuka, Chief Executive Officer Kwanele Ngwenya, and Chief Finance Officer, Vera Zulu, shows that Net interest income grew by 95% in 2019 compared to a similar period in 2018 largely as a result of growth of loan book and effective management of investment in money market instruments, growth is expected to come from digital channels such as mobile, internet and agency banking.