Malawi Stock Exchange

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Malawi Stock Exchange
Type Stock Exchange
Location Blantyre, Malawi,
Founded November 11, 1996
Key people Krishna Savjani
Chairman
Wilson T. Banda
Director
Website Homepage

The Malawi Stock Exchange (the MSE) is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company to be listed – Malawi's largest insurance firm, the National Insurance Company.

International Finance Corporation, a World Bank affiliate, and the Financierings Maatschappij Ontwikkelingslanden, a Dutch development bank with close ties to the Dutch Ministry for Development Co-operation, provided 40% of the $500,000 required for establishing the stock market in Blantyre, and the European Union sponsored seminars and publicity campaigns. The exchange operates in terms of the Capital Markets Development Act of 1990 and the Capital Market Development Regulations of 1992. It has a supervisory committee which comprises representatives of the central bank, the government and the private sector. It is a member of the African Stock Exchanges Association.

The MSE has a modest market listing. More stringent listing rules are currently being prepared. Membership of the Exchange is corporate and individual.

Market listing[edit]

As of October 2013[1]

Number Symbol Company Notes
1. BHL Blantyre Hotels Limited Lodging, Resorts
2. FMB First Merchant Bank Banking, Finance
3. ILLOVO Illovo Sugar Malawi Sugar
4. MPICO Malawi Properties Investment Company Limited Real Estate
5. NBM National Bank of Malawi Banking, Finance
6. NBS NBS Bank Banking, Finance
7. NICO NICO Holdings Limited Finance, Mortgages, Insurance
8. NITL National Investment Trust Limited Investments
9. PCL Press Corporation Limited Food Distribution, Aquaculture, Real Estate, Beverages
10. Standard Standard Bank Malawi Limited Banking, Finance
11. SUNBIRD Sunbird Tourism Limited Tourism, Hotels, Resorts, Real Estate
12. OML Old Mutual Plc. Banking, Finance
13. REAL Real Insurance Company Insurance
14. TNM Telekom Networks Malawi Mobile Telephony

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