The recent decline in share prices on the Malawi Stock Exchange (MSE) has left many investors disappointed. After witnessing substantial increases in the prices of several listed companies over the past few years, investors are now asking an important question: Why are Malawi’s shares falling, and what can companies do to restore investor confidence and create long-term shareholder value? The answer is not straightforward. A falling share price does not necessarily mean that a company is performing badly. Share prices are influenced by company profits, investor expectations, market liquidity, economic conditions, interest rates, dividends and valuation. As of late September 2026, several major MSE counters were trading below their recent highs, including NBM, FMBCH, Standard Bank, FDH Bank, NBS, NICO, Airtel Malawi, TNM, ICON Properties and MPICO. Why are Malawi shares falling? 1. Some shares had experienced very large increases Several MSE-listed companies have delivered extraordinary...