NICO Holdings, TNM gain as MSE trades 4.4m shares

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NICO Holdings, TNM gain as MSE trades 4.4m shares

A sever tambala and a one tambala share price gain in NICO Holding Limited and TNM, respectively, last week were enough to push slightly up the Malawi All Share Index (MASI) by four points to close the week at 15 620.11 points from 15 606.11, a market report has shown.

NICO Holdings share price jumped from K12.01 to K12.08 while TNM moved from K9.34 to K9.35. The two were the only counters that registered price gains on the local bourse.

During the week, the Malawi Stock Exchange (MSE) traded 4.4 million shares at a total consideration of k284.2 million in 8 deals. In the previous week, MSE raised about K333 million shares changing hands as a result of share price gains in six counters.

On the Treasury Bills (T-Bills) market, at the auction held on May 16, the average yield on the 91 days T-Bills, 182 days T-Bills and 364 days T-Bills fell by 0.17 percent from 21.48 percent to 21.30 percent, by 0.08 percent from 22.08 percent to 22 percent and 0.15 percent from 23.29 percent to 23.14 percent respectively

In the week under review, the market recorded trading activity in nine counters, namely , FMB, Illovo Sugar Malawi Limited, National Bank of Malawi, NBS Bank, NICO Holdings, Standard Bank, Sunbird Tourism, TNM and Old Mutual Limited.

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