MARKET
INFORMATION
Malawi Stock Exchange
|
Trading Hours |
Pre-opening session |
09:00 – 09:30 |
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|
Open |
09:30 |
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|
Close |
14:30 |
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|
Time Zone |
GMT+2 |
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|
Trading Days |
Monday – Friday |
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|
Trading Currency |
Malawi Kwacha (MWK) |
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|
Main Index |
Malawi all share index |
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|
Bloomberg code |
MWSIIDX |
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|
Exchange Codes |
MSE |
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|
Settlement Cycle |
T+3 |
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|
Market Cap |
$3.6bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
| 2021 | $174k |
| 2022 | $215k |
| 2023 | $270k |
MARKET
DYNAMICS
Stock Limit
Up/Down
+/-15%
_________________ from previous close
Tick
Size
MWK 0.01
Crosses
Crossing can be done in market spread during the regular trading hours and on special circumstances such as; Negotiated deals- These are significant deals falling out of 15% and are done without affecting the price Favour registration- Zero consideration between relations
Off- Market
Crosses
Not Allowed
Board Lot
1
Official
Closing Price
vwap
All or None
Available
MARKET
REGULATIONS
Foreign Ownership Restriction
Restriction applies only at the IPO phase where foreign investors can only own 10% of the company. Post IPO, there are no restrictions on foreign ownership
Disclosure Rules
the Investor has to inform the MSE when they reach 5% ownership
Securities Lending
Not permitted
Short selling
Not allowed
Crossing Restrictions
None
Timeline for New NIN Setup
5 business days
MARKET
FEES & TAXES
| Regulated Commission Structure | 2%: on the first K50,000 1.5%: on the next K50,000 1%: on any amount above K100,000 Plus a fixed fee of K50.00 |
| Capital Gain Tax | 30%. Voluntary declaration |
| VAT | 16.5% on brokerage commission |
| Withholding Dividend Tax | 10% |