2020 was a good year-Malawi Stock Exchange

FDH Bank

The Malawi Stock Exchange (MSE) has described the year ending 2020 as a good one interms of the performance of the local bourse compared to the previous year. 

MSE Operations Manager, Kelline Kanyangala,  said this in an interview with Kulinji.com. 

According to Kanyangala, Malawi experienced a political impasse and COVID-19 which affected social economic activities, but the market still managed to make good gains.

“This year we have seen the biggest improvement on Malawi All Share Index (MASI) returns which have grown by 3.22 percent between January and November unlike the 0.8 percent registered between the same period last year and increase in volumes of shares traded. 

“In 2020 there has also been the birth of the capital market association to promote market products and professionalism, while on the regulation part, we’ve seen the review on the listings requirements by the registrar of companies” she said.

Kanyangala has since indicated that, in the forthcoming year the stock market wants to create more awareness, jobs and help Malawians raise more capital through the platform. 

This year’s new listings on the stock market were Airtel Malawi and FDH Bank, the last time the market had two listings was in the year 2007.