Malawi Stock Exchange

Last updated
Malawi Stock Exchange
MalawiStockExchangeLogo.png
Bourse du Malawi HQ.png
Type Stock Exchange
Location Blantyre, Malawi
FoundedNovember 11, 1996
Key peopleChairman
James Khomba
Director
Wilson Banda
Currency Kwacha (K)
No. of listings16 [1]
Market cap US$3.26 billion (December, 2022) [1]
IndicesMalawi All Share Index
Malawi Domestic Share Index
Malawi Foreign Share Index
Website mse.co.mw

The Malawi Stock Exchange (MSE) is a Malawian stock market based in Blantyre, Malawi.

Contents

Overview

The Malawi Stock Exchange was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2,300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company.

International Finance Corporation, a World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in Blantyre, and the European Union sponsored seminars and publicity campaigns. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives of the central bank, the government and the private sector. It is a member of the African Stock Exchanges Association.

The MSE has a modest market listing. More stringent listing rules are currently being prepared. Membership of the Exchange is corporate and individual.

Market listing

As of December 2024 [2]

NumberSymbolCompanyNotesMarket Capitalisation (MK)
1AIRTELAirtel Malawi plcTelecommunication1,066,780,000,000
2BHLBlantyre Hotels plc Lodging, Resorts 12,218,372,758
3FDHBFDH Bank plcBanking, Finance1,023,767,985,938
4FMBCH FMB Capital Holdings plc Banking, Finance 1,364,328,750,000
5ICONIcon Properties plc Real Estate 120,574,000,000
6ILLOVO Illovo Sugar Malawi plc Sugar 966,781,359,800
7MPICOMalawi Properties Investment Company plc Real Estate 42,582,819,434
8NBM National Bank of Malawi plc Banking, Finance 1,616,555,031,495
9NBS NBS Bank plc Banking, Finance 442,378,044,378
10 NICO NICO Holdings Plc Finance, Mortgages, Insurance 421,524,198,126
11NITLNational Investment Trust plc Investments 59,400,000,000
12OMU Old Mutual Limited Banking, Finance 26,973,452,875
13PCL Press Corporation plc Food Distribution, Aquaculture, Real Estate, Beverages, Tourism, Telecommunication 300,613,093,720
14STANDARD Standard Bank Malawi plc Banking, Finance 1,408,046,518,906
15SUNBIRDSunbird Tourism plc Tourism, Hotels, Resorts, Real Estate 62,798,129,981
16TNM Telekom Networks Malawi plc Mobile Telephony 256,633,902,000

Trading times

Trading takes place from Monday to Friday with the following times:

See also

References

  1. 1 2 "Daily Stock News 10 June 2022". Malawi Stock Exchange. Retrieved 13 June 2022.
  2. "Malawi Stock Exchange (NSE) Live". afx.kwayisi.org. Retrieved 2019-03-12.