The Malawi Stock Exchange (MSE) has been ranked as second best performing stock market, in the 2024 Africa financial Centre’s index rankings, making a significant step in the Nation’s efforts to attract investors.
According to statistics from AfriDigest, Malawi’s stock exchange has recorded a remarkable positive price return of 50.03 Percent on investment in US Dollars, with over 12.86 percent behind Kenya, which has recorded a total stock return of 62.89 Percent.
Chief Executive officer for the Malawi Stock Exchange John Robson Kamanga says the notable returns in the stock market was fueled with an unprecedented surge in market capitalization, rising from K5.99 trillion to K9.8 trillion with four companies now valued at over K1 trillion each.
Kamanga said that the exchange has also witnessed a robust growth in trading volume, reflecting a thriving and prosperous trajectory, with total annual trades amounting to 125 billion Malawi kwacha and 1.2 billion shares exchanged.
“This development is quite helpful in shaping actionable strategies to make African Markets more inclusive and sustainable. The boost in the new orders index hints at a growing investor’s confidence, robust market activity and MSE’s pivotal role in advancing capital market development,” he said.
