Market capitalisation in Mozambique rose from 16.998 billion meticais in 2011 to 51.453 billion in 2015, an increase of 302 percent or 8.6 percent of the country’s gross domestic product (GDP), the President of the Mozambique Stock Exchange he said Thursday in Maputo.
Anabela Chambuca, who was speaking at a conference on alternative sources of financing for small and medium enterprises, also said that during this period 86 securities were listed and the value of transactions increased by 950 percent.
“The value of transactions in 2015 has reached 3.928 billion meticais and the number of traded securities increased 913 percent to 42 million,” Chambuca said, cited by Mozambican news agency AIM.
Chambuca recalled that the stock market offers more flexible rules for access by small and medium-sized enterprises to the capital market, without loss of quality of information provided to the market to ensure investor protection.
He said that the secondary market is a prime platform for SMEs to raise funding by issuing financial instruments such as equities, bonds and commercial paper. (macauhub/MZ)