The Malawi Stock Exchange (MSE) is surpassing all stock markets in Africa, in terms of return on investment, according to figures from African Capital Markets Index.
According to the index, Malawi’s return on investment is at 82 percent, topping the list of all stock markets in the region.
The index shows that the second best performing stock market is at close to 50 percentage points gap.
MSE Chief Executive Officer John Kamanga described the development as a confidence booster to local and foreign investors.
“This is a confidence booster to investors because they now know that once they invest in the stock market they will be able to realise returns, create wealth and grow their assets,” Kamanga said.
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Kamanga then encouraged institutions to list on the market while encouraging citizens to invest in it, describing it as a good platform to hedge against inflation and currency fluctuations.
He said the outlook remains promising.
“The outlook is promising and the trajectory shows that it will close on a good note because, at 82 percent the demand is still there and we are awash with a lot of funds from pension funds and high net worth individuals,” he added.
MSE has 16 counters, with the banking sector commanding the majority.
