A curious trend is unfolding on the Malawi Stock Exchange—major stock moves keep landing around 14%!
- Today: FMBCH +14.06% (MK974.14) & NITL +14.99% (MK583.00)
- Yesterday: TNM +14.67% after weeks of decline
- Monday: FMBCH +14%
- Last week: FDH’s major move? 14%
- Even TNM’s recent drop? -14%
It’s as if the market has found a psychological benchmark for major movements. Could this be a result of trader psychology, algorithmic trading patterns, or just pure coincidence?
One stock that stands out is NITL. As an investment vehicle with holdings in most MSE counters, its valuation reflects broader market sentiment. With banking stocks like FDH, NBS, NBM and FMBCH rallying recently, it’s no surprise that NITL is following suit.
The 14% trend is now impossible to ignore. Are traders using it as a trigger for buying and selling decisions? Or is it simply a quirk of the current market conditions? Either way, 14% is dominating the charts!
Stay tuned with Investas Insights—this market is unpredictable!
