{"id":67186,"date":"2025-01-24T23:36:03","date_gmt":"2025-01-24T23:36:03","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark"},"modified":"2025-02-08T12:45:38","modified_gmt":"2025-02-08T12:45:38","slug":"nbs-hits-k1tn-market-capitalisation-mark","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark","title":{"rendered":"NBS hits K1tn market capitalisation mark"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>By Chimwemwe Mangazi <\/b><\/p>\n

One of the country\u2019s high-street banks, NBS Bank, has emerged as the latest counter on the Malawi Stock Exchange (MSE) to cross the K1 trillion market capitalisation threshold.<\/p>\n

The development is a display of growth that underscores the bank\u2019s strategic transformation in recent years.<\/p>\n

In a statement, the bank\u2019s chief executive officer Kwanele Ngwenya said the achievement detailed a dramatic financial journey that has seen the institution evolving from a struggling performer to a market leader.<\/p>\n

For example, between 2020 and 2024, the bank\u2019s registered a growth in profits from K7.05 billion to a projected K68.6 billion.<\/p>\n

This illuminates a staggering 133 percent increase that reflects strategic management and market adaptability.<\/p>\n

Ngwenya attributed the success to comprehensive strategic planning, sound governance and an unwavering commitment to operational excellence.<\/p>\n

\u201cThis is not just a number. This milestone represents our commitment to creating a financially resilient institution that delivers genuine value to our stakeholders. Every decision has been made with a clear purpose to build a sustainable and impactful financial institution,\u201d Ngwenya said.<\/p>\n

In an interview, Stockbrokers Malawi Limited Equity Research Analyst Kondwani Makwakwa said NBS market capitalisation served as an indicator of investor confidence, particularly following the release of the profit forecast in December 2024.<\/p>\n

\u201cThe positive outlook presented in the forecast influenced investors\u2019 perceptions, leading them to reassess and attribute a higher valuation to the company than previously anticipated.<\/p>\n

\u201cThis increase in market capitalisation suggests that investors have greater expectations for the company\u2019s future performance and profitability,\u201d Makwakwa said.<\/p>\n

A daily market report issued by MSE on Wednesday shows a remarkable surge in total market capitalisation, climbing by over K711 billion.<\/p>\n

The market capitalisation jumped to K10.9 trillion, representing a substantial 7 percent increase from the previous trading day.<\/p>\n

Banking and tourism stocks led the impressive rally, with several key counters delivering double-digit percentage gains that substantially boosted overall market valuation.<\/p>\n

NBS Bank emerged as a standout performer, with its stock price escalating by 10.47 percent and significantly contributing to the market\u2019s upward momentum.<\/p>\n

Similarly, National Bank of Malawi and FDH Bank demonstrated robust performance, posting price increases of 7.57 percent and 15 percent, respectively.<\/p>\n

The tourism sector also made meaningful contributions, with Sunbird Tourism experiencing a remarkable 15 percent price surge.<\/p>\n

The Malawi All Share Index rose by 8,008 points and the Domestic Share Index increased by 7,124 points. Notably, only one counter, Telekom Networks Malawi, experienced a decline, sliding by 2.25 percent.<\/p>\n

For More News And Analysis About Malawi<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. By Chimwemwe Mangazi One of the country\u2019s high-street banks, NBS Bank, has emerged as the latest counter on the Malawi Stock Exchange (MSE) to cross the K1 trillion market capitalisation threshold. The development is a display of growth that underscores the bank\u2019s strategic transformation in recent years. In a statement, the bank\u2019s […]<\/p>\n","protected":false},"author":84,"featured_media":67185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234],"class_list":["post-67186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-malawi"],"yoast_head":"\nNBS hits K1tn market capitalisation mark - Malawi<\/title>\n<meta name=\"description\" content=\"By Chimwemwe Mangazi One of the country\u2019s high-street banks, NBS Bank, has emerged as the latest counter on the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBS hits K1tn market capitalisation mark\" \/>\n<meta property=\"og:description\" content=\"By Chimwemwe Mangazi One of the country\u2019s high-street banks, NBS Bank, has emerged as the latest counter on the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-24T23:36:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-08T12:45:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2025\/01\/sm_1737749322.651061.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NBS hits K1tn market capitalisation mark\",\"datePublished\":\"2025-01-24T23:36:03+00:00\",\"dateModified\":\"2025-02-08T12:45:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\"},\"wordCount\":420,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2025\/01\/sm_1737749322.651061.jpg\",\"keywords\":[\"Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-hits-k1tn-market-capitalisation-mark\",\"name\":\"NBS hits K1tn market capitalisation mark - 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