The Malawi Stock Exchange performed admirably in 2020, with the MSE All Share Index returning 7.08%. This positive return was achieved in spite of a difficult business environment emanating from the Covid-19 pandemic and containment measures initiated thereafter. Arising from the pandemic was the expectation of poor results from banks as a result of a hike in NPL provisions and lower asset yields. Property and Tourism companies were also expected to come under severe pressure. On the other hand, telecom shares were expected to benefit from the pandemic in the form of higher demand for data, more transactions on mobile money platforms, and increased voice calls as subscribers conducted business on the mobile phone while working from home or remotely ...
