Largest Malawian (MSE) Stocks by Market Cap

Name: Financial Insights Based on S&P Global Market Intelligence
Creator: Simply Wall St Pty Ltd
License: https://www.spglobal.com/content/dam/spglobal/corporate/en/documents/secure/MI-FastTrack-Terms-and-Conditions-July-2023.pdf

UPDATED Jan 08, 2026

Discover large cap Malawian companies that are on the MSE. These companies are organised by Market Cap.

Company	Last Price	7D Return	1Y Return	Market Cap	Analysts Target	Valuation	Growth	Div Yield	Industry
FMBCH FMBcapital Holdings	MK 3,190.14	-0.2%	474.8%	MK 7.8t	n/a	PB18.4x	n/a	0.3%	Banks
NBM National Bank of Malawi	MK 11,990.73	-0.04%	246.3%	MK 5.6t	n/a	PB16.8x	n/a	1.1%	Banks
FDHB FDH Bank	MK 599.85	-0.007%	304.6%	MK 4.1t	n/a	PB27x	n/a	0.8%	Banks
NBS NBS Bank	MK 908.10	-0.6%	251.6%	MK 2.7t	n/a	PB23.6x	n/a	1.2%	Banks
NICO NICO Holdings	MK 1,736.89	0.02%	314.5%	MK 1.8t	n/a	PE16.4x	n/a	1.3%	Insurance
ILLOVO Illovo Sugar (Malawi)	MK 2,330.16	0.002%	72.0%	MK 1.7t	n/a	PE21.5x	n/a	0.8%	Food, Beverage & Tobacco
AIRTEL Airtel Malawi	MK 120.73	-0.03%	41.9%	MK 1.3t	n/a	PE30.3x	n/a	1.7%	Telecom
STANDARD Standard Bank	MK 4,248.45	0.0009%	-34.5%	MK 998.4b	n/a	PB3.7x	n/a	3.8%	Banks
PCL Press	MK 7,828.63	-10.3%	213.2%	MK 941.4b	n/a	PE10.6x	n/a	0.9%	Capital Goods
TNM Telekom Networks Malawi	MK 31.41	-0.2%	30.9%	MK 362.6b	n/a	PE23x	n/a	1.3%	Telecom
SUNBIRD Sunbird Tourism	MK 1,292.75	32.3%	438.4%	MK 338.2b	n/a	PE30x	n/a	1.0%	Consumer Services
ICON ICON Properties	MK 16.00	0%	-11.4%	MK 106.9b	n/a	PE3.9x	n/a	1.9%	Real Estate Management and Development
BHL Blantyre Hotels	MK 15.07	0.1%	3.6%	MK 86.8b	n/a	PE73.3x	n/a	0%	Consumer Services
MPICO MPICO	MK 19.52	0.05%	5.3%	MK 44.8b	n/a	PE5.3x	n/a	2.2%	Real Estate Management and Development