Malawi All Share Index stuck

MSE operations manager John Kamanga said despite registering negative returns in the second quarter covering April to June, they still see light at the end of the tunnel, hoping to pick up the pieces in the third and fourth quarter.

In a report detailing activities on the market up to 10 July 2009 there are all indications of non-movement in prices of all listed counters traded as the MASI has remained at 4 952.11 points.

Nonetheless, trading activities registered during the period involved eight counters of Press Corporation Limited (PCL), TNM plc, Standard Bank, Real Insurance, Illovo Sugar, Malawi Property Investment Company (MPICO), National Bank of Malawi and NBS Bank.

The weekly market report showed that a total of 2.8 million shares were traded during the week raising about US$92 373.93 in 29 deals.