The 16-counter Malawi Stock Exchange (MSE) market capitalisation in 2024 increased by 56 percent and registered a 55 percent return on investment despite the harsh economic environment.
Market data shows that despite the return on investment being below 78.85 percent registered in 2023, analysts and MSE officials described the performance as exceptional in view of the the poor economic environment.
In an interview on Wednesday, MSE chief executive officer John Kamanga said the market exhibited resilience and strong performance in 2024, adding that it is one of the best years to date.
“Of the 16 counters, nine achieved positive real capital appreciation returns that surpassed the inflation rate of 27 percent,” he said.
He further said these achievements highlight the strength, resilience and potential of the country’s capital market as a platform for creating sustainable wealth and fostering economic growth.
Minority Shareholders Association of Listed Companies secretary general Frank Harawa, in an interview on Wednesday, described the market’s performance in 2024 as outstanding.
On his part, capital market analyst Cosmas Chigwe said the gains in market capitalisation show resilience at a time the country’s economy is facing headwinds.
MSE was established in March 1995 and opened for business on November 11 1996 with National Insurance Company of Malawi Limited, now Nico Holdings plc, as the first counter to list.
