WIRE โ€” The Malawi Stock Exchange (MSE) recorded a poor performance in July 2026, with the market losing value as most counters registered price declines. According to the MSE Monthly Market Performance Report for July 2026, the Malawi All Share Index closed the month at 505,773.08 points, down from 524,003.31 points recorded in June. This represents a month-on-month decline of 3.48 percent, bringing the year-to-date loss to 15.43 percent. The report shows that trading activity also slowed sharply during the month. A total of 13.61 million shares changed hands, a drop of 79.28 percent compared to the 65.67 million shares traded in June. The total value of shares traded stood at K22.62 billion, down 40.56 percent from K38.06 billion recorded the previous month. The number of transactions also fell to 2,127 deals in July, from 2,991 in June, a decline of 28.89 percent. Ten counters registered price losses during the month while only five gained and one remained unchanged. Nico shed 15.08 percent, NBS Bank plc lost 8.79 percent and Airtel lost 8.05 percent. FDHB and NITL also recorded notable losses of 5.80 percent and 5.14 percent, respectively. On the gainers' side, BHL topped the chart with a marginal rise of 0.40 percent, followed by PCL at 0.23 percent and Mpico at 0.10 percent. Market capitalisation fell from K28.57 trillion to K27.57 trillion during the month, a drop attributed largely to the widespread share price losses. In an interview, stock market analyst Brian Kampanje said bearish market conditions persist, evidenced by lower investors' confidence He said the oversupply of sharesโ€”as pension funds and life insurance companies have to abide by the new investment directiveโ€”also contributed to the performance. "The only disadvantaged position is for desperate sellers who will experience substantial losses if they proceed to divest their given portfolios," Kampanje said. In a recent interview, MSE Chief Executive Officer John Kamanga described the fall as a market correction.

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