The Malawi Stock Exchange (MSE) is a Malawian stock market based in Blantyre, Malawi.
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
Number Symbol Company NotesMarket Capitalisation (MK)1AIRTELAirtel Malawi plcTelecommunication1,066,780,000,000 2 BHLBlantyre Hotels plcLodging, Resorts12,218,372,758 3FDHBFDH Bank plcBanking, Finance1,023,767,985,938 4 FMBCHFMB Capital Holdings plcBanking, Finance1,364,328,750,000 5 ICONIcon Properties plcReal Estate120,574,000,000 6 ILLOVOIllovo Sugar Malawi plcSugar966,781,359,8007 MPICOMalawi Properties Investment Company plcReal Estate42,582,819,434 8 NBMNational Bank of Malawi plcBanking, Finance1,616,555,031,495 9 NBSNBS Bank plcBanking, Finance442,378,044,378 10 NICONICO Holdings PlcFinance, Mortgages, Insurance421,524,198,126 11 NITLNational Investment Trust plcInvestments59,400,000,000 12 OMU Old Mutual Limited Banking, Finance26,973,452,875 13PCLPress Corporation plcFood Distribution, Aquaculture, Real Estate, Beverages, Tourism, Telecommunication300,613,093,720 14 STANDARD Standard Bank Malawi plc Banking, Finance1,408,046,518,906 15 SUNBIRD Sunbird Tourism plc Tourism, Hotels, Resorts, Real Estate62,798,129,981 16TNMTelekom Networks Malawi plc Mobile Telephony256,633,902,000
Trading times
Trading takes place from Monday to Friday with the following times:
Pre-Open: 09:00 - 09:30 Open: 09:30 - 14:30 Close: 14:30 - 15:00 Post-Close: 15:00 - 17:00
See also Economy of Malawi List of stock exchanges List of African stock exchanges
References
External links
Website of Malawi Stock Exchange