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| Business |
| Stock market in low key entry into 2004 |
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by
Aubrey Mchulu, 05 January 2004
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16:02:45
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The Malawi Stock Exchange (MSE) entered into the New Year in low key with trading activity recorded only in one of the nine listed counters for the week ending January 2, 2004.
In its weekly report made available to Nation Online, MSE said activity was recorded on the National Bank of Malawi counter where a total of 17,900 shares were transacted during the week at a total consideration of K104,715 in one deal.
MSE also said the Malawi All Share Index (Masi), the stock market barometer, remained at 457.27 points due to the steadiness in both the Domestic Share Index and the Foreign Share Index which remained at 229.57 and 188.53 points respectively.
On the money market, the MSE reported that at the auction held on January 2, 2004, the average yield on 91 days Treasury Bill (TB) increased from 33.12 percent to 33.71 percent while that on the 182-days increased from 34.04 percent to 34.12 percent.
The report also said the 273 days TB tenor decreased from 33.86 percent to 33.57 percent.
On the Reserve Bank of Malawi (RBM) bills primary market whose auction was held on 30 December 2003, MSE said the 63-days yield increased from 33 percent to 33.1 percent and the 91 days tenor yield also increased from 34.41 to 34.53 percent. |
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