The Mozambique Stock Exchange (BVM) will increase the number of listed companies to 17 by the end of this year, moving forward with its strategic plan to reach at least 30 by 2028, the institution announced this Thursday (7).
According to Lusa, the information was disclosed by the Chairman of the Board of Directors of BVM, Pedro Cossa. “We expect new companies, and I believe we will have them. Soon, you will be invited to learn about another new institution that will join the stock exchange,” he said.
Pedro Cossa was speaking on the sidelines of the launch of BVM’s new visual identity in Maputo, in the south of the country, assuring that the exchange is working to meet the goals set out in its 2024-28 Strategic Plan, which include increasing the current 16 listed companies to 30 by 2028.
In the same statements, Cossa highlighted that BVM is developing technological infrastructure to ensure new trading systems for buying and selling securities and to enable more financing mechanisms for projects.
“Mozambicans must have easier access to the stock market. We must demystify the idea that this market is for the elite. We need to change the perception of the stock market by making stock exchange platforms available on citizens’ mobile phones,” said the BVM chairman.
“A new trading system, a new system to centralize securities, will be properly connected not only with BVM operators but also with other stock exchanges in the region, through regional interconnectivity—a project of the Southern African Development Community and the African Union that we want to be part of,” he added.
This new trading system is part of BVM’s 2024-28 strategic plan, which is built on five pillars, including the revitalization of the stock and bond markets, technological modernization, and the development and commercialization of new financial products, services, and instruments.
The goal is to attract “companies of different sizes and sectors, well-managed, profitable, and with business ethics,” as well as “national and foreign investors,” and to promote the registration of securities and holders with BVM.
The new plan also foresees the adoption of “innovative mechanisms for market development” to “provide greater trading volume and liquidity through the introduction of new products, services, and financial instruments.”
BVM’s market capitalization grew 5% in the last quarter of 2024 compared to the previous one, reaching a new record of 212.4 million meticais (3.7 million US dollars).
According to BVM data, market capitalization—the approximate market value of companies and securities—at the end of 2024 was equivalent to nearly 30% of the country’s Gross Domestic Product (GDP).
Source: Diário Económico
