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Weekly share trades yield close to K2m
By
Ephraim Munthali - 23-12-2002 |
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A total of 350,000 shares changed hands during the week ending December 20 on the local bourse raising a total consideration of about K1.9 million in three trades.
The trading activity was recorded in National Insurance Company (Nico) and Sugar Corporation of Malawi (Sucoma) with 150,000 and 200,000 shares changing hands, respectively.
Nico closed the week at K2.71 up from K2.60 per share while Sucoma wound up the week’s business at K3.90.
The period also saw the Malawi All Share Index (Masi) stabilising at 313.40 points despite an increase in the Domestic Share Index from 233.07 to 233.35 points.
MSE said in its weekly report that the increase in the domestic share index was on account of a boost in the share price of Nico.
The report said the Foreign Share Index registered no change remaining at 128.20 points.
The market has nine listed companies which also include Blantyre Hotels Limitd (BHL), Commercial Bank of Malawi (CBM), National Bank of Malawi (NBM), Press Corporation Limited (PCL), Packaging Industries Malawi Limited (PIM), Sunbird Tourism Limited (Sunbird) and Old Mutual Limited (OML).
The market has a total value of K395,160.92 million.
On Treasury Bills (TBs) held on December 2002, the average yield on the 91-days yield decreased from 36.56 percent to 36.05 percent.
Interest on the 182-days yield increased from 36.83 percent to 37.20 percent while the 273 days T-Bill was steady at 38.58 percent. The total size of TBs is K14.63 billion as at August 31, 2002.
In the RBM bills primary market whose auction was held on December 17 this year, the 63-days yield decreased from 35.21 percent 35.09 and the 91 days tenor yield slumped from 36.30 percent to 35.98 percent.
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