Mozambique Stock Exchange (BVM) announced that despite the short and medium term global economic outlook being marked by uncertainties, with the economic slowdown situation continuing due to the negative impact of the covid-19 pandemic and the war in Ukraine, it managed to post positive results in several stock market indicators, both in relation to the same period of 2021 and the second quarter of 2022.
According to the chairman of the Board of Directors (PCA) of BVM, Salim Valá, who was speaking recently during an event on the analysis of the “Business Sector Performance and Economic Prospects,” promoted by the Confederation of Business Associations of Mozambique (CTA), the third quarter of 2022 ended with market capitalisation of 142.4 billion meticais, which corresponds to a market capitalisation ratio of 20.86% over Gross Domestic Product (GDP).
Turnover was 12.9 billion meticais, with a liquidity index of almost 9.1%.
Also according to Salim Valá, the total financing to the economy was 250.5 billion meticais, of which 204.9 billion meticais correspond to the State and 45.5 billion meticais to the private sector.
“In the third quarter of 2022, the analysis of the stock market indicators compared to the same period of 2021 revealed an increasing evolution, in particular the turnover by 77.8%, and in the associated stock market indicator, the liquidity index rose by 50.8%. In that period, market capitalisation and its ratio to GDP grew by 17.4 percent and 14.7 percent, respectively,” Valá said.
During the period in question, Valá also noted that other indicators such as the number of corporate debt securities and funding to the State grew by 42.9 percent and 22.7 percent, respectively.
