Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Malawi Stock Exchange Second Quarter Market Report April – June 2024

Date 11/07/2024

The market transacted a total of 185.27 million shares at a total consideration of MK22.86 billion (US$13.19 million) in 3,017 trades. In the corresponding period 2023, the market transacted a total of 232.38 million shares at a total consideration of MK24.96 billion (US$24.15 million) in 3,396 trades. This reflects a –20.27% decrease in terms of share volume and a –8.40% (-45.39% in US Dollar terms) decrease in share value. Of the shares traded, 19.62 million ICON shares traded as negotiated deals at a total consideration of MK196.24 million.

Daily average share trades exhibited similar trends where the market registered an average daily volume of 3.04 million shares compared to 3.81 million shares traded in the corresponding second quarter of 2023 reflecting a decrease of –20.27%.

The average daily turnover for the second quarter 2024 was MK374.82 million (US$216.18 thousand) compared with MK409.17 million (US$395.87 thousand) for the corresponding second quarter 2023, reflecting a decrease of –8.40% (-45.39% in US Dollar terms).

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