The Mozambique Stock Exchange (BVM) has released data pointing to notable growth in all capital market indicators during the third quarter of this year. The announcement was made during the Economic Briefing of the CTA – Confederation of Economic Associations of Mozambique, where Salim Cripton Valá, chairman of the board of directors (PCA) of the BVM, presented a comprehensive analysis of performance and future prospects.
The Stock Exchange showed a consistent and positive evolution in all indicators, not only in comparison with the same period last year, but also in relation to the second quarter of this year. Of particular note were the significant increases in the Corporate Debt segment (+53.8 per cent), Turnover (+38.8 per cent) and the Liquidity Index (+36.2 per cent).
In terms of market capitalisation, BVM recorded growth of 25.3%, reaching an accumulated 178 billion meticais by the end of September. This increase now represents 25 per cent of the Gross Domestic Product (GDP), a significant rise on the 21 per cent recorded a year ago.
Turnover, which encompasses the total number of transactions carried out, experienced a remarkable 40 per cent expansion, reaching 19.3 billion meticais. Compared to the previous quarter, there was a 1.8% increase in market capitalisation and a significant 38.8% rise in turnover.
During his presentation, Salim Cripton Valá emphasised the prospects for the future development of the Mozambican capital market, highlighting the sector’s resilience and its increasingly important role in the country’s economy. The rise in market capitalisation to 25% of GDP reflects not only the robustness of the market, but also its growing contribution to economic development.
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