Mozambique Stock Exchange capitalisation should reach US$1 billion by end March

13 February 2012

Maputo, Mozambique, 13 Feb – Capitalisation of the Stock Exchange of Mozambique should reach US$1 billion by the end of this March, reports Mozambique’s AIM news agency, citing figures from the institution.

According to that data, the exchange’s capitalisation stood at US$957.65 million on 8 February, due to the admission to quotation of treasury bonds and the new stock issue of the company Cerveja de Mozambique.

At end 2011 the exchange’s capitalisation was US$624.49 million, corresponding to the 25 titles quoted on the exchange.

Of that total, 20 correspond to treasury bonds and private companies such as Moçambique Celular (mCel), Standard Bank, Millennium bim, BCI, ProCredit and Petromoc, three commercial paper issues from Petróleos de Moçambique (Petromoc) and Empresa Nacional de Hidrocarbonetos and two stock issues from Cervejas de Moçambique and Companhia Moçambicana de Hidrocarbonetos.

In 1999, exchange capitalisation was about US$4.49 million dollars, rising to 117.4 million in 2002 and falling the next year to 105.7 million.

In 2004, exchange capitalisation rose again to US$148.1 million, gradually increasing to 305.1 million in 2007 before dropping to 288.8 million in 2008.

Capitalisation recovered in 2009 to US$321.3 million, a growth trend which has continued since then. (macauhub)

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