MSE’s market capitalisation rose by $84.5 million in January 2019
Wednesday, 06 February 2019 19:40
January 2019 ended with an $84.5 million rise of Malawi Stock Exchange’s market capitalization. From $1.76 billion at end December 2018, it reached $1.84 billion on January 31, 2019, according to data gathered by Ecofin Agency.
This rise of the market capitalization is mainly due to the listing of a new firm (ICON Properties) and the capital increase of another. There is also the rise of 9% of the shares exchanged.
Though the stock shows a rise compared to January 2018, it appears that 2019 has started with some lethargy in the market. Compared to December 2018, the value of transactions has decreased. In addition, only one listed firm recorded a rise during the period; the others have either lost value or remained stable.
Idriss Linge
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