NBS SHARE PRICE PUSHED UP 6.67 % LAST WEEK – Malawi News Online
From 16th of August to 23rd, NBS Bank share price shot up by 14.1%, and closed the last week of August with another increment, registered at 6.67%.
According to a stock market weekly report by Alliance Stockbrockers Limited, NBS Bank was the leading counter both in volume and value of shares traded. “MASI gained by 15% up from 29 153.01 points recorded in the previous week and closed at 29 197.17 points. Price gains in NBS (6.67%) and NBM (0.01%) led to an increase in the DSI which in turn led to an increase in MASI” says the report.
On the other hand, Euromoney recently awarded NBS Bank as the best bank in Malawi, standing tall against 7 other banks, locally. Euromoney’s Awards for Excellence are hailed as ‘the awards that matter to the banks and bankers who matter’. Established in 1992, they were the first of their kind in the global banking industry. This year Euromoney received almost 1,000 submissions from banks in an awards programme that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries
The award was presented on at the annual Euromoney Awards for Excellence gala dinner held in London, England, as NBS Bank Chief Executive Officer, Kwanele Ngwenya, described the award as an honour. “This recognition confirms that our turnaround strategy is on track. The heart of our strategy has been to enrich our customers” he said.