Mozambique Stock Exchange registers 148% business growth in Q1

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Mozambique Stock Exchange registers 148% business growth in Q1

2:16 CAT | 09 May 2022

Image: BVM

The Mozambique Stock Exchange (BVM) saw several stock market indicators grow in the first quarter of 2022, compared to the same period in 2021. Based on several indicators, business volume grew 148% from 1.5 billion meticais to 3.7 billion meticais from January to March.

The market liquidity index also grew by more than 100%, up from 1.4% in 2021 to 3% in the first quarter of 2022. Global financing for the economy made by the institution grew 24.6%, evolving from 182 billion meticais in 2021 to 226.7 billion meticais (more than US$3.5 billion) in the first quarter of 2022.

Securities registered at the BVM Central de Valores Mobiliários increased by 15.1% during the period in question, rising from 186 securities last year to 214 in 2022.

Of all the stock market indicators, the main one (“market capitalisation”) rose less than 10%, growing by 8.1% from 117.4 billion meticais to 126.9 billion meticais. The market capitalisation ratio, which in the first quarter of 2021 stood at 17.6% of gross domestic product, grew to 19% in the first quarter of the current year.

At the end of the first quarter of 2022, BVM had 11 listed companies, namely Companhia Moçambicana de Hidrocarbonetos, SA (CMH), Cervejas de Moçambique (CDM), Hidroeléctrica de Cahora Bassa (HCB), Empresa Moçambicana de Seguros (EMOSE), Touch Advertising, Paytech, Rede Viária de Moçambique (REVIMO), Arko Seguros, 2Business, Arco Investimentos and Zero Investimentos.

By Evaristo Chilingue

Source: Carat de Moçambique