Trade Performance Analysis
The market transacted a total of 56,715,631 shares at a total consideration of MK7,254,524,688.88 (US$8,883,388.30) in 312 trades in the month of April 2022. In the previous month of March 2022, the market transacted a total of 49,167,195 shares at a total consideration of MK1,794,403,820.60 (US$2,197,946.33) in 306 trades. This reflects a 15.35% increase in terms of share volume traded and a 304.29% (304.17% in US Dollar terms) increase in share value traded. Of the total shares traded 17,828,130 TNM shares traded as a negotiated deal.
Daily average share trades exhibited similar trends where the market registered an average daily volume of 2,985,033 shares compared to 2,341,295 shares traded in March 2022, reflecting an increase of 27.49%.
The average daily turnover for April 2022 was MK381,817,088.89 (US$467,546.75) compared to MK85,447,800.98 (US$104,664.11) in March 2022, reflecting an increase of 346.84% (346.71% in US Dollar terms).
Market Capitalization and Index
The market registered a positive return on index as reflected in the upward movement of the Malawi All Share Index (MASI) from 45921.23 points registered in
March 2022 to 46934.16 points registered in April 2022, giving a month-on-month return on index of 2.21% (2.18% in US$ terms). The price gains registered by FMBCH (38.73%), NITL(15.80%), NBM(0.06%), AIRTEL(0.05%) and ILLOVO(0.03%) were enough to offset share price losses registered by TNM(8.05%), ICON(5.44%), FDHB (1.74%), PCL(0.05%) and NBS(0.04%) resulting into an upward movement of the
Malawi All Share Index. The Domestic Share Index fell by 0.80% to 37283.40 whilst the Foreign Share Index inched upwards by 36.69% to 5720.11 points.
Market capitalization increased in both Malawi Kwacha and United States terms from MK2,489,118.03 million (US$3,048.89 million) to MK2,547,176.32 million (US$3,119.10 million).
Market Liquidity
The turnover velocity measured by the ratio of Total Value of Trades to Market Capitalisation (TVT/MCAP*), an indicator of the liquidity of assets traded on the market, in April 2022 was recorded at 0.28%, higher than 0.07% registered in March 2022. The ratio of Total Value of Trades to Gross Domestic Product (TVT/GDP) recorded a liquidity level of 0.06% in April 2022 while during the previous month, March 2022, liquidity was at 0.02%.
Market capitalization as a percentage of GDP was at 22.80% in April 2022 and 22.28% in March 2022.
