An analysis by Cedar Capital Limited shows that four counters on the Malawi Stock Exchange (MSE) have registered highest share price gains.
The firms, namely National Bank of Malawi (NBM) plc and NBS Bank plc, Mpico Limited plc and Icon Properties plc have registered highest share price gains, in anticipation of positive year-end earnings, a stockbroking firm has said.
On the other hand, Market activity has dwindled in the week under review with a total of 4 814 228 shares been traded translating to a total consideration of MK108 million down from MK174 million recorded in the previous week. However, MASI slightly increased by 0.09% following an increase in MPICO (MK22.00 to MK22.50); NBS (MK15.92 to MK16.00) and NBM (MK525 to MK525.01). Increase in NBS can be attributed to the recent performance of NBS which might see NBS paying dividends from the profits of 2019. This has resulted in speculative trading of the counter. The recent cautionary statement of NBM has also lead to an increase in demand which has increased pressure on the price of NBM. There was no activity recorded in OMU and FMBCH which led to the FSI still closing at 3 529.41.