Group woos Malawians to invest in stocks
The Minority Shareholders Association of Listed Companies (Misalico) has called on Malawians to invest in the Malawi Stock Exchange (MSE) market.
Misalico literacy committee chairperson William Matewere told journalists recently that the group is scheduled to host an open day event today at Sunbird Mount Soche in Blantyre on the stock market and how one can invest.
He said: “We will have speakers from Misalico, MSE, stockbrokers, fund managers and some investors who have made it big through the MSE.
“People have become billionaires through MSE.”
Misalico secretary general Frank Harawa said at the end of the event, they hope to share knowledge on proper areas to make their investment, observing that investing on MSE is not only for the elite.
Misalico comprises members holding less than 10 percent of shares in any listed companies.
MSE was inaugurated in March 1995 and opened for business for the first time on November 11 1996, under the aegis of the Reserve Bank of Malawi, with 2 300 Malawians buying shares in the first company to be listed—Malawi’s largest insurance firm, the National Insurance Company.
