Updated on: 09/12/24 14:15pm
Market Status: Open
Main Board
AIRTEL 99.83  (-0.05)
BHL 14.55  (0.00)
FDHB 148.47  (0.00)
FMBCH 484.49  (0.00)
ICON 18.05  (0.00)
ILLOVO 1,355.09  (0.00)
MPICO 18.53  (0.00)
NBM 3,450.00  (0.00)
NBS 152.01  (0.01)
NICO 320.00  (32.97)
NITL 440.00  (0.00)
OMU 1,950.01  (0.00)
PCL 2,499.79  (0.00)
STANDARD 6,000.16  (0.03)
SUNBIRD 240.07  (0.04)
TNM 25.65  (-0.02)
Debt Securities Market
DB820 72.33  (0.00)
T012 81.04  (0.00)
T05NT 84.39  (0.00)
T0731 72.14  (0.00)
T103 77.42  (0.00)
T10NX 68.46  (0.00)
T10YR 71.70  (0.00)
TN05Y 77.31  (0.00)
TN07 76.33  (0.00)
TN102 87.98  (0.00)
TN3 77.04  (0.00)
TN5 70.65  (0.00)
TN50 77.14  (0.00)
TN7AF 73.83  (0.00)
TN7YR 76.77  (0.00)
TN888 73.06  (0.00)
TN90 88.42  (0.00)
TN92 100.00  (0.00)
TNX07 76.06  (0.00)
TNX10 70.64  (0.00)
TNX7 74.39  (0.00)
TNY07 75.34  (0.00)
TT05 76.91  (0.00)
TX07Y 74.60  (0.00)
TX10Z 70.62  (0.00)

Background

The Malawi Stock Exchange (MSE), has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO). Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi securities namely; Treasury Notes and Local Registered Stock. The Stock Exchange is licensed under the Financial Services Act 2010 and operates under the Securities Act 2010 and the Companies Act 2013. 

The important functions of the MSE are:

  • Providing a link between financial raisers and financial suppliers (investors)
  • Providing market place for buyers and sellers of listed securities
  • Supervising trading activities
  • Supervising the conduct of member firms
  • Providing information services such as market trading information
  • Providing announcements made by listed companies

The MSE has three platforms namely, the Main Board, Alternative Capital Market and Debt Market. The Main Board is meant to cater for larger and well established companies; while The Alternative Capital Market was established to provide opportunity for the Small and Medium sized Enterprises (SME) who would like to raise capital at a lower cost by accessing public funds. The Debt Market caters for issuers that would want to raise debt capital as opposed to share capital. 


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