ALLIANCE STOCKBROKERS LIMITED MARKET REPORT th 24 May 2021 MSE INDICES Gainers Losers INDEX 21/05/2021 13/05/2021 % Change MASI 33 606.87 33 398.30 0.62 AIRTEL MK 1.48 MPICO MK2.00 DSI 28 372.70 28 187.11 0.65 STANDARD 1 Tambala FDHB 4 Tambala ICON 2 Tambala FSI 1 955.20 1 955.20 0.00 TNM 1 Tambala Weekly trading summary- 18/05/2021 to 21/05/2021 Counter Open Close % change Volume Value AIRTEL 31.02 32.50 4.77 723 030 23 379 975.00 BHL 11.00 11.00 0.00 0 0.00 FDHB 16.46 16.42 -0.24 44 109 296 485 302 109.26 FMBCH 34.00 34.00 0.00 0 0.00 ICON 12.16 12.14 -0.16 50 012 128 485 147 233.92 ILLOVO 80.46 80.46 0.00 0 0.00 MPICO 19.00 17.00 -10.52 508 060 8 637 020.00 NBM 650.07 650.07 0.00 27 133 17 638 350.00 NBS 23.00 23.00 0.00 1 291 29 693.00 NICO 51.92 51.92 0.00 921 658 47 852 480.00 NITL 94.94 94.94 0.00 0 0.00 OMU 2 190.00 2 190.00 0.00 0 0.00 PCL 1 199.94 1 199.94 0.00 0 0.00 STANDARD 1 200.14 1 200.15 0.00 8 020 9 625 203.00 SUNBIRD 90.00 90.00 0.00 0 0.00 TNM 16.35 16.34 -0.06 16 632 271 887.88 Trading Summary The market continues to increase in the month of May with the market recording a slight reduction in the total value of shares traded from MK1.9 billion to MK1.07 billion. The market index recorded a 0.62% increase closing at 33 606.87 points. This is attributed to share price gains in Airtel and STANDARD which offset the share price losses in MPICO, FDHB, ICON and TNM. This led to a 0.65% increase in the DSI while the FSI remained at 1 955.20 points. Alliance Stockbrokers Limited- Research MASI MASI 33,800.00 33,600.00 33,400.00 33,200.00 33,000.00 32,800.00 32,600.00 32,400.00 32,200.00 32,000.00 31,800.00 31,600.00 2,000,000,000.00 1,913,125,189.58 1,800,000,000.00 1,600,000,000.00 1,400,000,000.00 1,200,000,000.00 1,077,883,952.06 1,000,000,000.00 800,000,000.00 600,000,000.00 400,000,000.00 200,000,000.00 95,800,392.64 - TOTAL CONSIDERATION Trading Statements 1. Illovo Sugar Malawi plc accordingly advises that profit after tax for the half year ending 28 February 2021 is expected to be higher than the previous corresponding period by at least 60%. 2. Blantyre Hotels Plc accordingly advises that the loss after tax for the half year ending 31 March 2021 is expected to be more than negative 500% compared to the profit reported in the previous corresponding period. Alliance Stockbrokers Limited- Research Cautionary Statement 1. National Bank of Malawi (NBM) plc shareholders are advised that NBM has now completed the acquisition of a 51% controlling stake in Akiba Commercial Bank plc (ACB) in Tanzania for a consideration of USD 7.31 million through a share subscription. The acquisition is in line with NBM plc’s current strategic plan which has regional expansion as one of its key thrusts. This acquisition is expected to bring about growth in business for both NBM Plc and ACB as it upscales the business of ACB to the standards of NBM plc. NBM is listed on the Malawi Stock Exchange with a market capitalization of K304 billion. The investment in ACB is approximately 2% of the NBMs current market capitalization. ACB is a Tanzanian bank offering a range of banking and financial services. It was established in 1997 with 300 Tanzanian entrepreneurs as its initial shareholders. It has strong SME roots and operates 18 branches across Tanzania. Shareholders are, however, advised that negotiations are continuing for an additional stake in ACB. They are therefore advised to continue to exercise caution in dealing in their shares in the Company and consult professional advisors before dealing in their shares until such time as the result of the negotiations are known. NBM plc is further informing the general public that all efforts will be made to communicate further developments as and when required. 2. FDH Bank Plc wishes to inform its shareholders and the general public that members of its majority shareholder, FDH Financial Holdings Limited, are engaged in shareholding negotiations. The negotiations may result in changes in the shareholding structure of FDH Financial Holdings Limited. Shareholders are therefore advised to exercise caution in dealing in their shares and consult professional advisors before dealing in their shares until such time as the result of the negotiations is known. FDH Bank Plc is further informing the general public that all efforts will be made to communicate further developments as and when required. DIVIDENDS Company Declared/Proposed Type Dividend/Share Last day to Payable (MK) register NITL Proposed Final 0.80 TBA TBA NBS Proposed Final 0.70 TBA TBA NBM Proposed Final 17.14 TBA TBA STANDARD Declared Interim 12.78 30th April 2021 13th May 2021 STANDARD Proposed Final 21.31 TBA TBA AIRTEL Proposed Final 2.10 TBA TBA OMU Proposed Final 0.36 cents 16th April 2021 24th May 2021 NICO Proposed Final 0.50 TBA TBA NICO Declared Interim 1.13 07th May 2021 21st May 2021 FMBCH proposed Final 0.62 TBA TBA PCL Proposed Final 25.00 20th August 27th August 2021 2021 Alliance Stockbrokers Limited- Research AIRTEL Proposed Final 2.10 TBA TBA TNM Proposed Final 0.10 TBA TBA ICON Proposed Final 0.12 TBA TBA MPICO Proposed Final 0.28 TBA TBA FUN FACT: In finance textbooks, “risk” is defined as short-term volatility. In the real world, risk is earning low returns, which is often caused by trying to avoid short-term volatility. ______________________________________________________________________________________ Disclaimer This material has been prepared for guidance only. Whilst every effort has been made to ensure the accuracy of information contained herein, no responsibility or liability whatsoever resulting from the use of information contained in this report is accepted by Alliance Stockbrokers Limited. We make financial suggestions and it is up to our clients to make their own decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction Feedback and Inquiries Tel: 01 830 704/705—Blantyre 01773909—Lilongwe Email: [email protected]/ [email protected] Alliance Stockbrokers Limited- Research .