MSE bullish in July

The Malawi Stock Exchange – MSE remained buoyant in July registering positive month-on-month return on index of 3.53 percent.

This performance follows similar showing in second quarter when a 35.3 percent return was recorded compared to 8 percent in corresponding quarter in 2022.

However, MSE’s monthly market report shows a decrease in both total traded value and volume of shares in July.

“The market transacted a total of 37.4 million shares at a total consideration of K5.6 billion in 947 trades in the month of July 2023.

In the previous month of June 2023, the market transacted a total of 93.4 million shares at a total consideration of K12.1 billion in 1,409 trades,” reads part of the report.

This reflects a –59.88 percent decrease in terms of share volume traded and a –53.6 percent decrease in share value traded.

On market capitalization and Index, the market registered a positive return on index as reflected in the upward movement of the Malawi All Share Index from 108,656.97 points to 112,497.02 points.