The Mozambique Stock Exchange recorded a positive evolution in its main indicators, during the third quarter of 2023

, a situation that reaffirms the growth trend, which comes from quarter to quarter.

The information was made public by the Chairman of the Board of Directors (PCA) of the Mozambique Stock Exchange, Salim Cripton Valá, during the Economic Brienfing promoted by the CTA, in which the Business Robustness Index was presented.

The positive trend is supported by the growth of indicators such as Liquidity Index, Turnover and Corporate Debt, which in the second quarter of this year also registered a positive evolution.

“We recorded positive developments in the third quarter of 2023, compared to the second quarter. Highlights include Corporate Debt (+53.8%), Business Volume (+38.8%), Liquidity Index (+36.2%). The analysis of the third quarter of the same year shows the growth of BVM 2023 indicators higher than the growth of BVM 2022”, revealed Salim Cripton Valá.

The positive performance of the Mozambique Stock Exchange in the third quarter of 2023 took place in a context in which the national economy continued to be influenced by the global economy, highly conditioned by the geostrategic conflict in Eastern Europe.

In the period in question, 11 new issues were registered, 4 Treasury Bonds, 2 Corporate Bonds and 5 Commercial Paper issues, with a total value of 9,840 million meticais.

Cervejas de Moçambique (CDM) was the company with the highest trading volume in the third quarter of 2023, trading 4.25 million meticais, followed by Companhia Moçambicana de Hidrocarbonetos (CMH) and Hidroeléctrica de Cahora Bassa (HCB).

Salim Valá also revealed that, in the period in question, 40 percent less of the value of Treasury Bonds was issued compared to the same period last year, which shows a tendency towards a reduction in the stock of domestic public debt.

The 04 Treasury Bond issues registered in this period were made at an average rate of 16.12%, in a scenario in which the interest on previous OT issues were paid at an average rate of 18.74%.

In turn, the President of the Confederation of Economic Associations of Mozambique (CTA), Agostinho Vuma, announced that the Business Robustness Index registered a slight improvement compared to the previous quarter.

He also mentioned that the Business Robustness Index grew by one percentage point, going from 28 percent (in the second quarter) to 29 percent in the third quarter of 2023.

“The trend of the Business Robustness Index, in the third quarter of the current year, was a slight improvement of one percentage point, having stood at 29%, compared to 28% in the previous quarter. This performance, although superior to the previous quarter, appears to be quite fragile”, said Agostinho Vuma.

Several elements, as Agostinho Vuma said, contributed to achieving this performance, despite constraints in the agricultural sector such as the increase in financial costs with banks; successive increase in the MIMO rate, from 13.25% in January 2022 to 17.25% in September of the same year; the fact that the situation in the employment market remains very fragile; and also the continuous accumulation of unpaid invoices to suppliers by the State.

Event Photos