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Malawi Stock Market Update

The daily stock market report provided stock price information and announcements for various companies trading on the Malawi stock exchange on April 13, 2016. MPICO share price fell 10.26% to MK7.00. Trading volume was recorded for FMB, MPICO, NBM, and Standard Bank. Announcements included financial results and proposed dividends from FMB, PCL, TNM, NBM, and Standard Bank. Trading statements advised of expected profit changes for NICO, MPICO, SUNBIRD, ILLOVO, and NBS compared to the previous year. Mpico also announced ongoing negotiations regarding a possible capital restructuring.

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0% found this document useful (0 votes)
56 views2 pages

Malawi Stock Market Update

The daily stock market report provided stock price information and announcements for various companies trading on the Malawi stock exchange on April 13, 2016. MPICO share price fell 10.26% to MK7.00. Trading volume was recorded for FMB, MPICO, NBM, and Standard Bank. Announcements included financial results and proposed dividends from FMB, PCL, TNM, NBM, and Standard Bank. Trading statements advised of expected profit changes for NICO, MPICO, SUNBIRD, ILLOVO, and NBS compared to the previous year. Mpico also announced ongoing negotiations regarding a possible capital restructuring.

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Greg Meleke
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Stockbrokers Malawi Limited

NBM Towers, Corner Hannover Avenue/Henderson Street,


P. O. Box 31180, Blantyre 3, Malawi
Phone: (265)1822803/ (265)8824 327. Fax: (265) 1 824 353

Daily Stock News


th
13 April, 2016

Counter Current Change %Change Volume P/E Div. Earnings


Price(t) (t) Yield Yield %
Today at the Market BHL CD 980 - - - 7.88 6.12 12.69
BRITAM 200 - - - 4.51 0.00 22.16
The market recorded trades on four counters today FMB; 21,000 FMB (CD) 960 - - 21,000 4.32 10.42 23.17
Shares, MPICO; 25,000 Shares, NBM; 915 Shares; and Standard ILLOVO (TS) 17000 - - - 8.96 4.41 11.16
Bank 15,000 Shares. MPICO(CA)-(TS) 700 80 10.26 25,000 3.66 0.57 27.34
NBM (CD) 25800 - - 915 8.29 5.95 12.06
NBS (TS) 1800 - - - 4.86 3.06 20.56
MPICO Share price moved from MK7.80 to MK7.00 this represent
NICO (TS) 2400 - - - 3.41 3.54 29.30
a 10.26% downward movement.
NITL (XD) 4600 - - - 11.33 3.04 8.82
PCL (CD) 53500 - - - 2.91 2.34 34.40
Announcements STANDARD (CD) 44000 - - 15,000 7.73 3.40 12.93
SUNBIRD(TS) 3000 - - - 11.29 0.73 8.86
1. FMB has published its 2015 financial results showing a TNM (CD) 500 - - - 9.58 4.80 10.44
MK3.8 billion profit after tax representing 25.7% reduction OML 140200 - - - 12.53 4.00 7.98
year on year. They have also proposed a final dividend
of MK0.20 per ordinary share to be tabled at the
forthcoming Annual General Meeting.
Note:
 CD means security is trading with dividend
2. PCL has published its 2015 financial results showing a CA means security is trading under cautionary
MK12.2 billion profit after tax representing 43.3% XD means security is trading without dividend
reduction year on year. They have also proposed a final H Trading of the Security has been halted till further notice
dividend of MK8.50 per ordinary share to be tabled at TS Security has issued a trading statement
the forthcoming Annual General Meeting.
 Exchange Rate
3. TNM has published its 2015 financial results showing a USD/MWK = 682.4150
MK5.4 billion profit after tax representing 3% increase Market Indices
year on year. They have also proposed a final dividend 13.04.2016 12.04.2016 Daily 31.12.2015 Year To Date
of MK0.10 per ordinary share to be tabled at the Change
forthcoming Annual General Meeting.
MASI 12,884.78 12,906.29 -21.51 14,562.53 -1677.75
4. NBM has published its 2015 financial results showing a
DSI 10,128.35 10,145.47 -17.12 11,462.87 -1334.52
MK13.3 billion profit after tax representing 8% reduction FSI 1,762.13 1,762.13 - 1,762.13 -
year on year. They have also proposed a final dividend
of MK6.85 per ordinary share to be tabled at the
forthcoming Annual General Meeting scheduled for
June 2016.

5. NICO has published Trading statement advising its


shareholders and other stakeholders that their profit after
tax for the year ending 31st December, 2015, is expected
to be at least 20% lower than that of the previous
corresponding period.

6. MPICO has published Trading statement advising its shareholders and other stakeholders that their profit after tax for the year ending 31 st
December 2015, is expected to be at least 60% lower than that of the previous corresponding period.

7. Standard Bank has published its 2015 financial results showing a MK13.4 billion profit after tax representing 9% growth year on year. They have
also proposed a final dividend of MK12.82 per ordinary share to be tabled at the forthcoming Annual General Meeting at a date yet to be
announced.

8. SUNBIRD has published Trading statement advising its shareholders and other stakeholders that their profit after tax for the year ended 31 st
December, 2015, is expected to exceed the previous corresponding period by more than 30%.

9. ILLOVO has published Trading statement advising its shareholders and other stakeholders that their profit after tax for the year ending 31 st
March, 2016, is expected to be at least 40% lower than that of the previous corresponding period.

10. NBS has published Trading statement advising its shareholders and other stakeholders that their profit after tax for the year ending 31st
December, 2015, is expected to be at least 20% lower than that of the previous corresponding period.

11. Further to their earlier Cautionary statements, Mpico has through the press advised the General Public that negotiations on a possible capital
restructuring are still in progress.

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