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Share index slips 0.09 points
By
Ayam Maeresa - 21-08-2002 |
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The All Share Index—a barometer of stock trading on the Malawi Stock Exchange (MSE)—closed last week’s trades down by 0.09 points at 362.89 points due to a decline of 2.85 points in the domestic share index.
MSE said in its weekly stock market commentary for last week that the All Share Index suffered from the downward movement of the domestic share index, in which local companies are quoted on the bourse, that went down to 279.75 points from 282.60 the previous week.
The slippage by the All Share Index comes barely a week after the index ascended to 262.99 points the previous week following Sunbird Tourism Limited share price rise to K1.90 on the listing day from a pre-listing offer of K1.85.
Quoting only insurance firm Old Mutual out of the eight stocks listed on the bourse, the foreign share index remained stagnant at 148.31 points.
An analysis of the trades shows that the decline in All Share Index was caused by a share price fall to K13.90 from K15.00 in conglomerate Press Corporation Limited (PCL).
Of the eight counters, only National Bank of Malawi (NBM), PCL and Sunbird traded shares totalling 643,070 for K1,534,673.00 (US$20,259.71.)
Commenting on the Treasury Bills (T-bills) market, the MSE said the average yield on 91-day tenor decreased to 38.44 percent from 39.34 percent at the auction held on Friday.
It said the 182-day T-bill increased in yield to 41.64 percent from 41.54 percent, while the yield on the 273-day decreased to 42.32 percent to 42.39 percent.
The total size of Treasury Bills market is K8.435 billion as at January 31, 2001. |
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