Malawi: Nico holdings out of Tanzania
Malawi Stock Exchange (MSE)-listed financial services group, Nico Holdings plc (MSE:NICO) has disposed of its stake in Tanzanian firm Sanlam General Insurance Limited.
🇲🇼 Malawi Stock Exchange
156,076.67 -15.61 (-0.01%)MALAWI ALL SHARE INDEX | As of 21-Nov-2024
| 1M | 3M | YTD | 1Y | 2Y |
+7.91% | +10.60% | +40.67% | +37.85% | +162.69% |
| Value Traded (MWK) 1,116,177,192.79 |
Volume 5,398,496 |
| Transactions - |
Market Cap. (Mln MWK) 8,424,910.20 |
21-Nov-2024
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Illovo Sugar Malawi records historic net profit of K6 bln in first half-year ended February
Illovo Sugar Malawi Plc has made a net historic profit of K6.1 billion in just the first half of the year which ended on February 28, 2021 — representing a 200% increase compared to K2.1 billion which was made for the same period last financial year.
Malawi ranks low on stock markets
Malawi’s capital market is among the most illiquid markets and characterised by low trade volumes and market turnover with ratios of close to zero, the World Bank has said.
National Bank of Malawi Acquires 51% Controlling Stake in Tanzania's Akiba Bank
Listed National Bank of Malawi (NBM) plc has completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania at a consideration of USD 7.31 million through a share subscription.
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MSE
MARKET STATUS: OPEN
Gainers
Decliners
Volume
| AIRTEL MALAWI | 79.12 | +0.01% | 21/11 |
| TELEKOM NETWORKS MALAWI | 26.01 | -0.12% | 21/11 |
| NICO HOLDINGS | 250.39 | -0.09% | 21/11 |
| FDH BANK | 148.70 | -0.03% | 21/11 |
| NBS BANK | 152.00 | 2,957,530 | 21/11 |
| FMB CAPITAL HOLDINGS | 400.00 | 1,125,722 | 21/11 |
| FDH BANK | 148.70 | 757,650 | 21/11 |
| TELEKOM NETWORKS MALAWI | 26.01 | 271,410 | 21/11 |
| AIRTEL MALAWI | 79.12 | 230,907 | 21/11 |
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