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Malawi Stock Exchange upbeat new listings

NewsThe Malawi stock exchange has said there is hope for a revamp in listings on the local bourse in the aftermath of its forthcoming symposium slatted for July 26 in Blantyre.

The symposium will be held under the theme, ’creating value and wealth through listings’.

MSE chief executive Officer John Kamanga said the symposium brings together issuers and investors to raise awareness on instruments available on the market.

He was speaking when he received a cheque of MWK500, 000 from Nico asset managers towards the symposium.

Kamanga said, the indaba aims at sensitising both the issuers and investors by giving practical solutions on how they can raise capital through stock market.

He said this will help woo potential investors to the market. ‘’all along people have been raising capital through other means, but now we are relaying the message that the stock market is there to provide capital. We intend to bring the stock market to the public, said Kamanga.

On the side-lines, investment manager at Nico Asset Managers, Chikondi Gomani, also expressed hope on the foreseen impact of the symposium to the capital market.

‘’The efforts are in line with our business, Our expectation is that more companies should join the market, because the numbers are too low. New listings will open up more avenues and as a business, we will have a lot of choices over which company to invest in’’, he said.

Reserve Bank of Malawi governor, Dalitso Kabambe is expected to preside over the symposium.

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