Stock market turnover up 117.74% | The Times Group

Stock market turnover up 117.74% | The Times Group:



Stock market turnover up 117.74%

Posted By: Grace Thipa on: January 09, 2018 In: Business No Comments

Analysts have said the increase in the stock market turnover from K6.2 billion in 2016 to Kl 3.5

billion in 2017 shows that investors are showing more confidence in the stock market and the

economy as a whole.

The market has registered a positive return on index reflected in the upward movement of the

Malawi All Share Index (Masi) from 13320.51 registered on January 3 2017 to 21598.07 on

December 29, giving a return on index of 62.4 percent compared to -8.51 percent in 2016.

In the period under review, a total of 698.8 million shares exchanged hands compared to 410.8

million shares traded during the same period in 2016.

The Malawi Stock Exchange (MSE) has attributed the jump to positive movement of shares in all

counters for a good part of 2017 and lower interest rates that boosted demand to trade on the

stock market than the money market.



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