TNM - Telekom Networks Malawi Limited

Dec 11, 2023 at 13:04 Twitter · Facebook

TNM share price on Malawi Stock Exchange

Telekom Networks Malawi (TNM) is the pioneer mobile network in Malawi. The company was established in 1995 as a joint venture between Telekom Malaysia Berhad and the then government owned Malawi Postal and Telecommunications Corporations (MPTC) and later on MTL following the splitting of the MPTC into two entities of postal (MPC) and telecommunications (MTL). In April 2007 Telekom Malaysia sold its 60% majority stake in TNM to MTL Mobile an investment vehicle that was spearheaded by Press Corporation Limited.

Telekom Networks Malawi Limited is listed on the Malawi Stock Exchange (MSE). Telekom Networks is traded on the MSE under the ticker symbol “TNM”. The International Securities Identification Number (ISIN) of MSE:TNM is MWTNM0010126. Telekom Networks Malawi Limited is currently the ninth most valuable stock on the MSE with a market capitalization of MWK 221 billion, which is about 3.72% of the Malawi Stock Exchange equity market.

TNM Stock Market Performance

The current share price of Telekom Networks Malawi Limited (TNM) is MWK 22.00. TNM closed its last trading day (Monday, December 11, 2023) at 22.00 MWK per share on the Malawi Stock Exchange (MSE), recording a 4.3% drop from its previous closing price of 23.00 MWK. Telekom Networks began the year with a share price of 14.00 MWK and has since gained 57.1% on that price valuation, ranking it ninth on the MSE in terms of year-to-date performance. Investors should, however, take caution of TNM’s recent poor performance, having lost 23% of its value in the past four weeks.

Telekom Networks Malawi is the eighth most traded stock on the Malawi Stock Exchange over the past three months (Sep 13 - Dec 11, 2023). TNM has traded a total volume of 3.61 million shares valued at MWK 105 million over the period, with an average of 57,277 traded shares per session. A volume high of 507,304 was achieved on November 29th for the same period. The table below details the last 10 trading days of activity of Telekom Networks Malawi on the Malawi Stock Exchange.

Profile of Telekom Networks Malawi Limited

Telekom Networks Malawi Limited operates in the Telecommunications sector.

TNM Industrial Market Competitors

Telekom Networks Malawi Limited, issuers of the TNM stock on the Malawi Stock Exchange, have one market competitor who is also engaged in the Telecommunications sector. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange