MSE says no listing enquiries so far

The Malawi Stock Exchange (MSE) says it has so far not received any interest from companies wishing to list on the market this year.

MSE operations manager John Kamanga said the bourse has so far received enquiries from three companies interested to float bonds on the market.

“But it is too early to start saying we may not have any listings this year. Let us wait and see. Maybe new companies will show up, but currently no,” said Kamanga in an interview with Business News last week.

He could also not give the identity of the companies which have made enquiries for corporate bonds on the market.

Kamanga said the timing appears to be conducive for floating bonds as interest rates are still low.

The local bourse has from 2009 failed to attract new entrants on both its main platform as well as the alternative market.

The last company to list on the market was TNM which joined the fray in November 2008.

Since then, there have only been rumours of companies trying to list on the market, but nothing has materialised.

Late last year, one of the listed companies, Packaging Industries Malawi (PIM) Limited delisted from the market bringing the number of firms on the bourse 14.