MONTHLY MARKET REPORT OCTOBER 2016

Transcription

1 MONTHLY MARKET REPORT OCTOBER 2016 Old Reserve Bank Building, Victoria Avenue P/Bag 270 Blantyre Malawi Telephone: (265) ; Fax: (265) Website: Malawi s global portal

2 CO NTENT S Trading Summary 1 Market performance 2 Trade performance analysis 2 Market capitalization and index 2 Market liquidity 2 Company trading performance 3 Bonds 4 Economic review 5

3 1. E Q U I T Y T R A D I N G S U M M A R Y The market was marginally bullish in the month of October 2016 as it registered a positive return on investment of 0.28% (0.28% in US$ terms). It however, registered a decrease in both total traded volume and total traded value. Index Levels and Return October 2016 INDEX OCTOBER 2016 SEPTEMBER 2016 Monthly % 2016 Monthly % 2015 % YTD MASI DSI FSI Trading Statistics October 2016 October 2016 September 2016 % Traded Value (MK) 331,416, ,695, Traded Value (US$) 459, , Traded Vol. Shares 2,601,165 29,146, No. of Transactions Index Close (MASI) Listed companies Traded Companies Not Traded Companies Gainers Decliners Unchanged 02 05

4 2. M A R K E T P E R F O R M A N C E A. Trade Performance Analysis The market transacted a total of 2,601,165 shares at a total consideration of MK331,416, (US$459,835.71) in 64 trades. In the previous month, September 2016, the market transacted a total of 29,146,377 shares at a total consideration of MK520,695, (US$722,459.09) in 104 trades. This reflects a % decrease in terms of share volume and a 36.35% (-36.35% in US Dollar terms) decrease in share value. Daily average share trades exhibited similar trends where the market registered an average daily volume of 123,865 shares compared to 1,387,923 shares traded in September The average daily turnover for October 2016 was MK15,781, (US$21,896.94) compared with MK24,795, (US$34,402.81) in September 2016, reflecting a decrease of 36.35% (-36.35% in US Dollar terms). B. Market Capitalization and Index The market registered a positive return on index as reflected in the upward movement of the Malawi All Share Index (MASI) from points registered in September 2016 to points registered in October 2016, giving a return on index of 0.28%, (0.28% in US$ terms). The price gains registered by BHL, FMB, ILLOVO, MPICO and SUNBIRD were enough to offset share price losses registered by NBM, NBS, NICO, NITL, STANDARD and TNM resulting into an upward movement of the Malawi All Share Index, arising from an increase in the Domestic Share Index (0.28%). The Foreign Share Index was steady at points. Market capitalization increased in both Kwacha and United States Dollar terms from K586, million (US$ mln) in September 2016 to K588, million (US$ mln) in October C. Market Liquidity The turnover velocity measured by the ratio of Total Value of Trades to Market Capitalisation (TVT/MCAP*), an indicator of the liquidity of assets traded on the market, in October 2016 was recorded at 0.06%, lower than 0.09% registered in September The ratio of Total Value of Trades to Gross Domestic Product (TVT/GDP) recorded a liquidity level of 0.009% in October 2016 while during the previous month, September 2016, liquidity was at 0.013%.

5 2. M A R K E T P E R F O R M A N C E

6 3. C O M P A N Y T R A D I N G P E R F O R M A N C E Top gainers: Five counters registered capital gains MSE CODE COUNTER NAME % GAIN BHL Blantyre Hotels Limited MPICO MPICO Limited FMB FMB Bank SUNBIRD Sunbird Tourism Limited ILLOVO Illovo Sugar Malawi 0.01 Top Losers: Six counters registered capital losses MSE CODE COUNTER NAME % LOSS NITL National Investment Trust Limited TNM Telekom Networks Malawi 7.04 NICO NICO Holdings Limited 5.50 NBS NBS Bank 2.50 NBM National bank of Malawi 0.41 C. Top Five Traded Stocks by volume MSE CODE COUNTER NAME SHARES % of Total NICO NICO Holdings Limited 508, FMB FMB Bank 467, MPICO MPICO Limited 463, STANDARD Standard Bank Malawi 370, ILLOVO Illovo Sugar Malawi 207, C. Top Five Traded Stocks by value MSE CODE COUNTER NAME VALUE % of Total STANDARD Standard Bank Malawi 184,451, PCL Press Corporation Limited 56,151, ILLOVO Illovo Sugar Malawi 32,147, NBM National bank of Malawi 31,463, NICO NICO Holdings Limited 8,680,

7 3. C O M P A N Y T R A D I N G P E R F O R M A N C E COUNTER HIGH (MK) LOW (MK) Earnings Yield (%) P/E P/BV MKT CAP (MK Mln) MKT CAP (US$ Mln) BHL , FMB , ILLOVO , MPICO , NBM , NBS , NICO , NITL , PCL , STANDARD , SUNBIRD , TNM , OML 1, , ,

8 3. C O M P A N Y T R A D I N G P E R F O R M A N C E Company Opening Price Closing Price % Price Change Share Vol. Traded % Traded Value Traded MK BHL % 48, % 977, FMB % 467, % 8,637, ILLOVO % 207, % 32,147, MPICO % 463, % 2,997, NBM % 122, % 31,463, NBS % 168, % 1,328, NICO % 508, % 8,680, NITL % 27, % 1,065, PCL % 104, % 56,151, STANDARD % 370, % 184,451, SUNBIRD % 13, % 710, TNM % 98, % 691, OML PLC % 1, % 2,111, ,601, % 331,416,056.34

9 4. B O N D T R A D I N G S U M M A R Y B O N D M A T U R I T Y D A T E C O U P O N D A T E COUPON RATE (%) N O M I N A L V A L U E ( M K MN) MW5YN 31 December, June & 31 Dec MW3YNR 30 June, June & 31 Dec , Total Outstanding Treasury bonds 107, The next coupon payments for 2016 will be paid on 31st December, There were no trades on the two government bonds in the period under review.

10 5. E C O N O M I C R E V I E W Interest Rates During the period under review, the yield on the 91 days T-bill increased by percentage points from % to % whilst the 182 days T-bill and the 364 days T-bill were steady at % Exchange Rates The Kwacha was steady against the United States Dollar in the period under review. Gross official reserves inched upwards from 2.86 months in September 2016 to 2.92 months in October Inflation Rates Headline inflation eased by 1.6 percentage points from 22.8% in August, 2016 to 21.2% in September, Monetary Policy Rate The policy rate remained at 27%.

11 CONTACTS AND ADDRESSES OF MSE STOCK BROKERS Stockbrokers Malawi Limited NBM Business Complex P.O Box Blantyre Tel: Fax: sml@smlmw.com FDH Stockbrokers Umoyo House P.O Box 512 Blantyre Tel: Fax: fdhsl@fdh.co.mw African Alliance Securities 4th Floor, Livingstone Towers P.O Box 3340 Blantyre Tel: Fax: kamphonia@africanalliance.com Continental Capital Limited 1st Floor, Unit House P.O Box 1444 Blantyre Tel: capital@continental.mw capital@cdh-malawi.com