Today’s trading session saw TNM Plc take another hit, with its share price tumbling by 14.91% to MK17.00. This continued decline highlights growing investor caution toward telecommunications stocks, with the counter struggling to find stability amidst persistent bearish sentiment.
Historically, TNM had managed a remarkable recovery in late 2024, climbing to MK26.50 in November after hitting a low of MK12.00 earlier that year. However, this upward momentum has since faded, with the stock now back under pressure, as investors question its resilience.
Despite the current market struggles, TNM issued an optimistic trading statement, projecting a Profit-after-Tax (PAT) of between MK8.14 billion and MK9.11 billion, a big improvement from the MK4.67 billion loss it recorded in the previous year. While this signals potential for growth, it remains to be seen whether the company’s performance will be enough to turn the tide of investor sentiment.
Meanwhile, Airtel Malawi also remains in focus, managing a modest gain of 1.06% today, but the overall outlook for telecom stocks continues to lean bearish. As the sector faces mounting challenges, the coming weeks will be pivotal for TNM and its peers.
