The Malawi Stock Exchange performed poorly in October, having registered a month-on-month and year-on-year drop in Malawi All Share Index (Masi), figures from financial advisory firm, Bridgepath Capital show.

Malawi Stock Exchange (MSE) capitalisation has grown to K6.4 trillion, an equivalent of about 35 percent of the country’s gross domestic product (GDP), a rate market analysts have rated as impressive.

Malawi Stock Exchange-listed National Bank of Malawi (NBM) plc has registered a 60 percent increase in its 2023 half-year profit-after-tax to K35.48 billion from K22.12 billion reported during the same period last year.

Property management firm, Mpico’s profit-after-tax for the six months ended June 30 2023 increased by 61 percent to K5.08 billion from K3.2 billion recorded during the same time last year.