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The Chairman of the Mozambique Stock Exchange (BVM) stated that entrepreneurs and investors now understand that the BVM is not only a financing alternative but also an investment mechanism.
Attracting foreign investors, having major Mozambican companies listed, and enabling access for small and medium-sized enterprises (SMEs) to the stock market are priorities set by the Mozambique Stock Exchange (BVM) for this year.
“The main indicators of the stock market experienced significant growth during the year 2023, even in an economic context that still requires a lot of caution, and companies are still depressed after being battered by successive years of crises and internal and external shocks,” began BVM President Salim Valá.
He adds that entrepreneurs and investors now realize “that the BVM is not just an alternative for financing, but also an investment mechanism.”
“According to data from the Central Securities Depository, there has been a significant evolution of investors using products and services from the capital market and the Stock Exchange, with a growth of 292%, from 6,495 investors in 2016 to 25,470 investors in 2023, indicating that many investors already understand the advantages of the capital market and the Stock Exchange,” Valá says, acknowledging the “growing trend of Mozambican savers to invest their savings in securities listed on the BVM.”
“It is within this economic context of the country that the BVM intends, during the year 2024, to consolidate the gains achieved in 2023 and open new and innovative lines of work,” he further explains, detailing among the objectives the introduction of “innovations in products, services, and financial instruments,” and the enhancement of the technological base and regulatory framework.
Additionally, the Mozambican exchange plans to start operationalizing the Business Plan and the Strategic Plan this year, both to be implemented until 2028, to “expand operational performance and economic results, and improve the management and governance mechanisms of the company.”
The exchange also aims to “promote inter-institutional partnerships, open the BVM further to the world, and attract more foreign investors,” moving forward with “a strategy of intervention that allows large companies to be listed on the stock exchange, and more SMEs to finance themselves via the capital market and stock exchange.”
According to Lusa, by the end of 2023, the Mozambican stock market had 84 listed securities, including 43 Treasury Bonds, 16 Corporate Bonds, nine Commercial Papers, and 16 companies, representing a growth of 29.23% compared to the securities listed in 2022.
