The company has become the first on Malawi Stock Exchange to pass K500 billion market value as share price reached K49 on Wednesday, before coming down to close the day at K47.28.
Trading figures released by Malawi Stock Exchange show the company opened the day with K43 share price and a company value of K473 billion but its share price gain saw it close the day valued K520 billion
The company saw much of the trading for the day as almost 1.5 million shares were traded for slightly over K69 billion. The second most trading activties were at its telecom industry rival, TNM, that had near 995 000 shares traded for K14.9 billion with a share price of K15. The company closed the day valued at K150.6 billion.
There was some minimal trading with the second largest company on the local bourse, National Bank, whose market cap remained at 457.6 billion and the share price of K980 was constant.
DPP Blues Rebels Brings Division In
The way Charles Mchacha is castigating the Leader of Opposition in Parliament, Hon Kondwani Nankhumwa, is just testimony enough that Read more
Malawi Freedom Network advice President Banda to fight corruption
If you thought Malawians are lazy people, I bet you a Dinosaur, think twice and you will know, check in Read more
Malawi Government Faulted Over Arrests of Coup Suspects
The recent arrest in Malawi of three opposition politicians accused of planning to unseat President Peter Mutharika is dissent from Read more
Allegations of a coup plot sour diplomatic ties
The US embassy has denied involvement in an alleged plot to overthrow the president, Peter Mutharika. Analysis Media reports that Read more