Largest companies in Malawi (MSE) by market cap, 2026
16 of 16 Malawi stocks meet this list’s data requirements. Standard Bank Malawi Plc is largest, valued at MWK 4.6T.
- Prices at 23 Oct 2026 close
- Latest close
- Fresh closes only
| # | Company | Price (MWK) | Market cap (MWK) | Share of total cap | 1-year change |
|---|---|---|---|---|---|
| 1 | Standard Bank Malawi PlcSTANDARD.MW | 3,889.82 | 4.56T | 18.17% | -28.2% |
| 2 | FMB Capital Holdings PlcFMBCH.MW | 1,786.34 | 4.39T | 17.49% | -22.3% |
| 3 | National Bank Of Malawi PlcNBM.MW | 8,963.99 | 4.19T | 16.67% | -27.7% |
| 4 | FDH Bank PlcFDHB.MW | 459.40 | 3.17T | 12.62% | -28.0% |
| 5 | Illovo Sugar Malawi PlcILLOVO.MW | 3,501.93 | 2.50T | 9.95% | +72.5% |
| 6 | NBS Bank PlcNBS.MW | 619.59 | 1.80T | 7.18% | -39.4% |
| 7 | NICO Holdings PlcNICO.MW | 1,333.31 | 1.39T | 5.54% | -23.4% |
| 8 | Airtel Malawi PlcAIRTEL.MW | 101.31 | 1.11T | 4.44% | -24.9% |
| 9 | Sunbird Tourism PlcSUNBIRD.MW | 3,399.98 | 889.37B | 3.54% | +579.9% |
| 10 | National Investment Trust PlcNITL.MW | 3,288.79 | 443.98B | 1.77% | -16.5% |
| 11 | Telekom Networks Malawi PlcTNM.MW | 21.62 | 249.52B | 0.99% | -32.0% |
| 12 | ICON Properties PlcICON.MW | 17.00 | 113.56B | 0.45% | -5.3% |
| 13 | Old Mutual LimitedOMU.MW | 3,699.99 | 113.29B | 0.45% | +48.0% |
| 14 | Blantyre Hotels PlcBHL.MW | 17.52 | 102.98B | 0.41% | +16.6% |
| 15 | MPICO - Malawi Property Investment Company PlcMPICO.MW | 19.61 | 45.06B | 0.18% | +0.3% |
| 16 | Press Corporation PlcPCL.MW | 312.06 | 37.53B | 0.15% | -96.4% |
- Standard Bank Malawi PlcSTANDARD.MW
STANDARD.MW · MWK 3,889.82
MWK 4.6TMarket cap- Share of total cap
- 18.17%
- 1-year change
- -28.2%
- FMB Capital Holdings PlcFMBCH.MW
FMBCH.MW · MWK 1,786.34
MWK 4.4TMarket cap- Share of total cap
- 17.49%
- 1-year change
- -22.3%
- National Bank Of Malawi PlcNBM.MW
NBM.MW · MWK 8,963.99
MWK 4.2TMarket cap- Share of total cap
- 16.67%
- 1-year change
- -27.7%
- FDH Bank PlcFDHB.MW
FDHB.MW · MWK 459.40
MWK 3.2TMarket cap- Share of total cap
- 12.62%
- 1-year change
- -28.0%
- Illovo Sugar Malawi PlcILLOVO.MW
ILLOVO.MW · MWK 3,501.93
MWK 2.5TMarket cap- Share of total cap
- 9.95%
- 1-year change
- +72.5%
- NBS Bank PlcNBS.MW
NBS.MW · MWK 619.59
MWK 1.8TMarket cap- Share of total cap
- 7.18%
- 1-year change
- -39.4%
- NICO Holdings PlcNICO.MW
NICO.MW · MWK 1,333.31
MWK 1.4TMarket cap- Share of total cap
- 5.54%
- 1-year change
- -23.4%
- Airtel Malawi PlcAIRTEL.MW
AIRTEL.MW · MWK 101.31
MWK 1.1TMarket cap- Share of total cap
- 4.44%
- 1-year change
- -24.9%
- Sunbird Tourism PlcSUNBIRD.MW
SUNBIRD.MW · MWK 3,399.98
MWK 889.4BMarket cap- Share of total cap
- 3.54%
- 1-year change
- +579.9%
- National Investment Trust PlcNITL.MW
NITL.MW · MWK 3,288.79
MWK 444.0BMarket cap- Share of total cap
- 1.77%
- 1-year change
- -16.5%
- Telekom Networks Malawi PlcTNM.MW
TNM.MW · MWK 21.62
MWK 249.5BMarket cap- Share of total cap
- 0.99%
- 1-year change
- -32.0%
- ICON Properties PlcICON.MW
ICON.MW · MWK 17.00
MWK 113.6BMarket cap- Share of total cap
- 0.45%
- 1-year change
- -5.3%
- Old Mutual LimitedOMU.MW
OMU.MW · MWK 3,699.99
MWK 113.3BMarket cap- Share of total cap
- 0.45%
- 1-year change
- +48.0%
- Blantyre Hotels PlcBHL.MW
BHL.MW · MWK 17.52
MWK 103.0BMarket cap- Share of total cap
- 0.41%
- 1-year change
- +16.6%
- MPICO - Malawi Property Investment Company PlcMPICO.MW
MPICO.MW · MWK 19.61
MWK 45.1BMarket cap- Share of total cap
- 0.18%
- 1-year change
- +0.3%
- Press Corporation PlcPCL.MW
PCL.MW · MWK 312.06
MWK 37.5BMarket cap- Share of total cap
- 0.15%
- 1-year change
- -96.4%
How this list works
Market value from the shared valuation data at the latest close. Missing or stale valuations are excluded. Ranked from highest to lowest by market cap, with market cap breaking ties. The universe is ordinary shares and REITs only, with fresh, dated closes under the screener's trading-day freshness rules. Sources: stored exchange closing prices, issuer annual reports and reviewed dividend announcements, using the same valuation data as company pages and the screener. Not investment advice.