The market capitalisation of the Mozambique Stock Exchange (BVM) grew 5% in 2025, reaching €3.07 billion, according to data from the Bank of Mozambique (BdM). The figure compares with €2.9 billion recorded in 2024.
“The capital market maintained its growth trajectory in 2025,” states the Bank of Mozambique’s most recent report, cited by Lusa. According to the central bank, the increase reflects the appreciation of listed assets and the gradual deepening of Mozambique’s financial market.
As a result, market capitalisation as a share of gross domestic product (GDP) rose from 29.5% in 2024 to 30.9% in 2025, a gain of 1.4 percentage points.
For the BdM, these indicators signal a strengthening of the BVM’s role in financing the economy, driven by growing investor confidence and greater diversification in the range of financial instruments available.
Trading activity, however, slowed. The volume of transactions executed on the BVM fell 29% in 2025, following a year in which trading had reached its highest level in a decade.
Transactions declined from €478 million in 2024 to €341 million last year. Despite the contraction, the Bank of Mozambique considers that stock exchange activity remained at historically elevated levels.
“The volume of transactions reflects the continuity of activity in the capital market and the maintenance of relevant levels of liquidity and securities trading,” the report states.
In the central bank’s assessment, the capital market continues to play a meaningful role in mobilising domestic savings and diversifying sources of financing for both companies and the state.
In line with this outlook, the BVM set out in its 2024–2028 Strategic Plan the objective of increasing the number of listed companies from 16 to 30, and raising market capitalisation to 35% of GDP by 2028.
To achieve those targets, the exchange intends to modernise its technological infrastructure, strengthen trading systems, and develop new financing instruments for investment projects.
In August 2025, BVM Chairman Pedro Cossa expressed confidence that the number of listed companies would rise to 17. “New companies are expected and I believe we will have them,” he said at the time.
Cossa also advocated the development of digital platforms enabling citizens to access stock exchange services via mobile phone, arguing that democratising access to the capital market is essential. “Mozambicans must be able to access the stock market more easily. We need to dispel the idea that the stock exchange is for the elite,” he said.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/07/28/mercados/bolsa-de-valores/bvm-capitalizacao-do-mercado-bolsista-cresceu-5-em-2025/
