Malawi Stock Exchange Third Quarter Market Report: July – September 2023

The market transacted a total of 156,942,781 shares at a total consideration of MK23,786,392,020.69 (US$21,820,238.45) in 3,334 trades. In the corresponding period 2022, the market transacted a total of 560,112,227 shares at a total consideration of MK14,704,227,803.86 (US$14,325,535.15) in 1,147 trades. This reflects a –71.98% decrease in terms of share volume traded and a 61.77% (52.32% in US Dollar terms) increase in share value traded. Of the shares traded 1 million PCL and 3.98 million TNM shares traded as negotiated deals at a total consideration of MK2.44 billion.

Daily average share trades exhibited similar trends where the market registered an average daily volume of 2,452,231 shares compared to 8,617,111 shares traded in the corresponding third quarter of 2022 reflecting a decrease of –71.54%.

The average daily turnover for the third quarter 2023 was MK371,662,375.32 (US$340,941.23) compared with MK226,218,889.29 (US$220,392.85) for the corresponding third quarter 2022, reflecting an increase of 64.29% (54.70% in US Dollar terms).

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