Blantyre, Malawi Stock Exchange (MSE) has expressed satisfaction with this year’s outcome in the stock market saying it has registered significant progress in both traded values and volume.
Speaking in an interview with Malawi News Agency (MANA) Wednesday, Malawi Stock Exchange’s Operations Manager, Esnart Chilije said the outcome of the stock market for this year is higher as compared to previous years.
This year has been good for the stock market as we have added yet another potential investor, FMB capital holdings; those who have invested in the stock market have doubled their net profits. The shares that have been traded are significantly great as compared to the previous years, she viewed.
Chilije added that there has been an improvement in both liquidity and price movement on the market which has improved levels of income among the potential investors, a development that would help spur the growth of economy of the country.
This has been emanated from the fact that inflation rate has been going down in recent months and that there has been an improvement in the price movement on the market in the year 2017, Operations Manager explained.
The financial status report released by Malawi Stock Exchange notes that Malawi stock market listed firm- Mpico Holdings Limited- is among the top five firms that have gained an increase in net profits.
The Company’s Financial Controller, Cosmas Katulukila owes the development to reduced inflation and interest rates.
He said they are pleased with this year’s outcome and hoped the company would double its net profits by the end of the year.
Malawi Stock Exchange is a stock market with a single licenced broker which aims at providing links between the financial raisers and financial investors, supervising trading activities and providing market place for buyers and sellers of listed securities.
Source: Malawi News Agency MANA