Africa-Press – Malawi. The Malawi Stock Exchange (MSE) has generated over 90 percent return on share investments in the first half of the year, with investors managing to hedge their stocks against rising inflation and Kwacha volatility.
MSE Chief Executive Officer John Kamanga said this on the sidelines of Lilongwe Rotary Club dinner on Saturday.
He said investors were able to earn real returns on their shares in excess of 60 percent while listed companies had released excellent half-year financial reports, signalling more dividends to shareholders.
He made a keynote speech that attempted to lure the rotarians in Lilongwe into the business of buying shares and raising capital at the booming stock market.
Kamanga said the capital market had gone beyond generating wealth for investors and was playing a crucial role in supporting the attainment of the ATMM following capital raising for some critical infrastructure in tourism, for instance.
He cited companies that started small and had grown exponentially having listed on the market, arguing this should encourage more investors to list their investments on the market.
“Today, we have companies with market capitalisation exceeding K2 trillion—yes, billion dollar companies by global standards and FDH Bank and FCB are the shining examples,” Kamanga said.
With Blantyre Hotels generating over K62 billion and the K30 billion transaction by TNM, Kamanga said this should give investors out there the confidence to utilise the market for both public and private projects.
Meanwhile, new Lilongwe Rotary Club president George Naphambo has said their charity activities have been heavily affected by economic slowdown that appears to have lowered income levels.
However, he said, their new strategy is to utilise digital platforms to capture more donors rather than depending on the few traditional ones.
“Donors are also experiencing financial issues and that has reduced the amount of money they donate. But we’re looking for new ways of raising funds, where people, in large numbers, can donate small amounts,” he said.
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