The capitalisation of the Mozambique Stock Exchange (BVM) grew by 5% in the last quarter of 2024, reaching 212.4 million meticals (3 million dollars), according to data from the institution.
This increase represents a historic milestone for the stock exchange, which saw its market value – an approximation of the total value of listed companies and securities – reach around 30 per cent of Mozambique’s Gross Domestic Product (GDP) by the end of 2024.
According to BVM’s new Strategic Plan, presented in November by the then chairman of the board, Salim Valá, the stock exchange intends to almost double the number of listed companies, from the current 16 to 30 by 2028. The aim is to achieve a capitalisation equivalent to 35% of GDP, consolidating the role of the capital market in the country’s economic development.
Salim Valá, who was recently appointed Minister of Planning and Development, emphasised that these goals are achievable through joint work between the various players in the financial system, based on the lessons learnt over the 26 years of the stock exchange’s existence.
BVM’s plan also foresees a significant increase in the number of holders registered with the Central Securities Depository (CVM), from the current 26,305 to around 50,000 by 2028.
‘We want to position BVM as an engine of economic development, stimulating productive investment and encouraging good corporate governance, with integrity and transparency in the capital market,’ Valá said at the time.
Among the stock exchange’s main strategic axes are the dynamisation of the stock and bond markets, technological modernisation and the introduction of new financial instruments, with a view to attracting domestic and foreign investors and increasing market liquidity.
