MSE | Malawi Stock Exchange - Monthly Market Performance Report - July 2022

    Trade Performance Analysis

    The market transacted a total of 270,135,789 shares at a total consideration of MK4,699,257,991.85 (US$4,578,233.31) in 360 trades in the month of July 2022. In the previous month of June 2022, the market transacted a total of 63,165,048 shares at a total consideration of MK1,094,757,875.18 (US$1,071,441.26) in 287 trades. This reflects a 327.67% increase in terms of share volume traded and a 329.25% (327.30% in US Dollar terms) increase in share value traded.

    Daily average share trades exhibited similar trends where the market registered an average daily volume of 13,506,789 shares compared to 2,871,139 shares traded in June 2022, reflecting an increase of 370.43%.

    The average daily turnover for July 2022 was MK234,962,899.59 (US$228,911.67) compared to MK49,761,721.60 (US$48,701.88) in June 2022, reflecting an increase of 372.18% (370.03% 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 49596.14 points registered in June 2022 to 52889.87 points registered in July 2022, giving a month-on-month return on index of 6.64% (6.64% in US$ terms). The price gains registered by ILLOVO (30.92%), STANDARD(15.00%), PCL(14.81%), NBM(12.97%), AIRTEL(4.87%), FDHB (0.07%), NITL(0.02%) and SUNBIRD(0.01%) were enough to offset share price losses registered by FMBCH(15.61%), TNM(14.93%), NBS(0.13%), BHL(0.09%), MPICO (0.05%) and NICO(0.04%) resulting into an upward movement of the Malawi All Share Index. The Domestic Share Index inched upwards by 9.50% to 42717.13 points whilst the Foreign Share Index fell by 15.14% to 5548.61 points.

    Market capitalization increased in both Malawi Kwacha and US Dollar terms from MK2.69 trillion (US$2.62 billion) to MK2.86 trillion (US$2.79 billion).


    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 July 2022 was recorded at 0.16%, higher than 0.04% registered in June 2022. The ratio of Total Value of Trades to Gross Domestic Product (TVT/GDP) recorded a liquidity level of 0.04% in July 2022 while during the previous month, June 2022, liquidity was at 0.01%.

    Market capitalization as a percentage of GDP was at 25.64% in July 2022 and 24.08% in June 2022.


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