The article explores how a company's spending on new projects affects its stock price on the Malawi Stock Exchange. By analyzing data from 2007 to 2015, the researchers found that when companies invest more in capital expenditure, their stock prices tend to increase in the future. This positive relationship is linked to factors like return on capital employed and net profit margin. However, the study notes that the findings may not apply to all stock exchanges and that more research is needed to fully understand the impact of capital expenditure on stock prices.