The Malawi Stock Exchange (MSE) has reported an exceptional start to 2025, with its All-Share Index (MASI) surging by 69.52% in the first quarter the highest quarterly growth in recent years. This remarkable performance is a significant improvement compared to the modest 2.96% return in Q1 2024.
During the first three months of 2025, the MSE transacted a total of 103.34 million shares valued at K39.51 billion across 8,903 trades. This represents a 91.6% increase in trading volume and a 343.34% rise in trading value compared to the same period in 2024.
Key contributors to this growth include:
FMB Capital Holdings plc: 149.46% increase
FDH Bank plc: 112.64% increase([Blackfacts.com][1])
NBS Bank plc: 99.9% increase
Other notable performers include NICO Holdings plc (85.40%), National Bank of Malawi plc (79.08%), NITL plc (44.31%), Airtel Malawi plc (42.49%), and Illovo Sugar Malawi plc (32.22%). These gains have significantly outweighed minor losses in stocks like Icon Properties plc (-0.55%) and Telekom Networks Malawi plc (-0.24%).
Financial market analysts attribute this bullish trend to increased investor interest, driven by improved market liquidity, enhanced capital market literacy initiatives, and a favorable macroeconomic environment. The MSE’s performance underscores the growing confidence in Malawi’s capital markets and signals a positive outlook for the remainder of 2025.
