The stock market is an investment field where companies can capitalise through self-financing resulting from the purchase and sale of shares, and attract new investors, which creates a parallel market in which assets such as shares, options and micro and macroeconomic possibilities are traded.
In this way, the stock markets function as thermometers that measure the trends and dynamics of the economy and offer financing possibilities to the State and private sector companies.
The Mozambican Government created the Mozambique Stock Exchange (BVM) in 1999 with the aim of extending the possibilities of financing the economy by means of investments on the stock exchange.
According to the Chairman of the Board of Directors (PCA) of the BVM, Salim Valá, the current level of funding via the stock exchange is 236 billion Meticais, about four billion dollars.
By the end of the first half of 2022, market capitalisation at BVM rose from around 119 billion Meticais last year to just over 130 billion Meticais, equivalent to 19.5 percent of real gross domestic product (GDP), while trading volume rose to six billion Meticais against almost three billion Meticais last year, and the liquidity ratio was five percent of market capitalisation.
Jornal de Domingo