The Malawi Stock Exchange (MSE) registered a 32.68% drop in share value in October. The figures have been released coincidentally after Minority shareholders of companies that are listed on the local bourse, observed that share prices have been falling, therefore negatively affecting the shareholders dividends.

The October market performance report for the month indicates that the market transacted a total of 185,453,439 shares at a total consideration of K2,495,407,311.96 in 243 trades compared to 154,699,117 shares at a total consideration of K3, 706,719,389.44 in 246 trades in September. Minority Shareholders Association of Malawi secretary general Frank Harawa said that the local bourse is becoming less appealing to be considered as an investment avenue.

The concern by shareholders and the MSE figures follow the first half of 2019, which was considered a struggle for various businesses, following a policy rate that was reviewed twice in that first half alone, not to mention the pre/post election era tension.