Malawi’s Stock Market Ranked No 1 in Africa in 2013 with 108.31% return on investment



Ranked No 1 in Africa during the year

The Malawi Stock Exchange MSE was a super star in Africa in the year 2013 –with it registered a return on investment of 108.31%.

This is a five star performance even at the local level considering that in 2012 it only registered a return of about 12.03%.

The MSE’s annual report released recently indicates that there was also an increase in both traded volume and value.

“In US Dollar terms, the market registered a return on investment of 97.26% in 2013 compared to -44.34% registered in 2012.” Reads part of the report.
A year described as relatively tough to investors, on the other hand -has been profitable to companies plying their trade at this securities market- as the market posted over 77percent increase in investment return topping all Africa’s securities exchange market’s performance.
It is reported that the second and third stock exchange top performers recorded 64 and 44 percent investment returns all from North Africa.

Trade Performance Analysis

The market transacted a total of 4,409,237,082 shares at a total consideration of MK13,331,050,694.05 (US$34,556,393.34) in 1,261 trades. In the corresponding period 2012, the market transacted a total of 667,221,045 shares at a total consideration of MK3,973,446,152.07 (US$16,183,918.70) in 1,041 trades, reflecting a 560.84% increase in terms of share volume and a 235.50% (113.52% in US Dollar terms) increase in value.

Daily average share trades exhibited similar trends as the market registered an average daily volume of 17,779,174 shares compared to 2,690,407 shares traded in 2012, reflecting a 560.84% increase.

The average daily turnover for the year 2013 was MK53,754,118.73 (US$139,340.02) compared to MK16,021,960.29 (US$65,257.74) for the year 2012, reflecting an increase of 235.50% (113.52% in US Dollar terms).

The highest sales in terms of volume and value were registered in March and November at a total of 2,076,225,070 shares and a total turnover of MK4,331,791,529.25 (US$10,417,572.80) respectively.
Market Capitalisation and Index

The market registered a positive return on index throughout all the four quarters in the year under review of 5.47%, 8.98%, 53.18% and 18.16% respectively. The year on year return on Index for year 2013 was 108.31% higher than 12.03% registered in 2012. The Malawi All Share Index (MASI) increased from 6015.51 points registered in January 2013 to 12531.04 points registered on 31st December, 2013. The price gainers registered by 12 counters (BHL, FMB, ILLOVO, NBM, NBS, NICO, NITL, PCL, STANDARD Bank, Sunbird Tourism Ltd, TNM and OML) were the major drivers in the increase in the Malawi All Share Index, arising from the increase in both the Domestic and Foreign Share Indices which have registered positive return on indices of 108.45% and 100.00%, respectively.

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