The Mozambique Stock Exchange (BVM), distinguished on November 17, 2021 in Maputo, the capital market players whose actions were notable in the economic year 2020.
These were MyBucksBanking Mozambique, AbsaBank and Banco Comercial e de Investimentos (BCI). The distinction, aimed at recognizing the work done by the Capital Market players, which in the course of their activities have contributed to the growth and development of the capital market and the Mozambique Stock Exchange.
MyBucksBanking Mozambique won the Securities with the highest liquidity category, awarded to the company whose securities issued by it had the highest transaction volume and the best liquidity ratio in the stock market.
AbsaBank was awarded in the category Highest Trading Volume in the stock market, as the stock exchange operator with the highest volume and number of transactions of listed securities.
Banco Comercial e de Investimentos was awarded in the category of Largest Custodian Bank of record per shareholder at the Central de Valores Mobiliários (CVM), which is attributed to the custodian bank with the largest number of holders registered at the CVM.
Speaking on the occasion, the Chairman of the Board of Directors of BVM, Salim Cripton Valá, said that the award marks genuine recognition for the vital role these entities perform for the development of the stock market.
"The awards we are witnessing today are an unequivocal sign that there are multiple players in the capital market and that it has done a major job for the growth of the capital market and the country's financial system," said Salim Valá.
At the time of the balance sheet, Salim Valá stressed that despite the economic context marked by multiple challenges, BVM closes the current fiscal year with satisfactory results.
The establishment of new windows of opportunities in partnerships, the admission of more companies to the Stock Exchange (under the Third Market of the Exchange) and new products dictated the positive performance of the institution, in a year in which the national economy once again felt the effects of the Covid-19 pandemic, which combined with other obstacles, undermined the performance of the various sectors of activity.
Currently, 12 companies are listed on BVM, eight of which are on the Market with Official Quotations, one on the Second Market and three on the Third Market.
During the ceremony, BVM also launched the ″Dashboard″ (a statistical panel that facilitates the interpretation of market data) and the ″Mobile Application″ (intended for the public, and which allows access to information on the securities listed on BVM, stock exchange sessions, market and BVM events, as well as information on financial education).
For the future, the PCA of the referred that the attraction of BVM will be focused on attracting more companies (including SMEs) and investors to use the Exchange; creation of new markets, products, services and financial instruments; technological modernization; improvement of the regulatory framework and promotion of education and financial literacy.
Salim Valá highlighted the permanent training of BVM's employees and other capital market participants, the strengthening of measures to combat money laundering, cybersecurity, internal control and risk management, and the opening of BVM to the entry of foreign companies and investors in our market, for a greater expansion of its activities to a larger universe of markets, companies and investors.
In his turn, the vice-president of the Transport Department of the Confederation of Mozambique Economic Associations (CTA) Fernando Couto, began by highlighting the challenges faced by companies as a result of the slowdown in the national economy. He then urged the Mozambican Stock Exchange to draw up a set of measures to boost the access of companies, especially small and medium ones, to the Capital Market.
Present at the ceremony were stock exchange operators, BVM's strategic partners, representatives of private, public and state-owned companies, listed companies and companies in the process of being listed, capital market players, among other guests.Photo Events