Trade on the local Stock Market is expected to become easier and less time consuming as the Malawi Stock Exchange (MSE) is automating its system next year.
Traditionally, trade at the market is done physically, with MSE managers and Stock Brokers’ engagement.
In most cases, stock brokers have to travel to the MSE offices where the daily trade is done to see if shareholders of listed companies are offering any of their stock for trade.
Speaking to Capital FM, Chief Operations Manager of the MSE, Esnat Chilije disclosed that they want to make the process of trading on the bourse more effective and efficient.
Chilije adds that the automation is likely to improve liquidity on the exchange.
The Operations Manager added that the MSE is currently devising ways to entice more people to buy shares form companies listed on the local stock market as it can help them attain financial stability.
“Every person has the capacity to buy shares from MSE despite living id different financial levels,” Chilije said.
There are over ten companies listed on the local bourse, these include First Merchant Bank, Telekom Networks Malawi, Standard Bank and Illovo Sugar Company.
The Malawi Stock Exchange has been in existence since 1994 but started equity trading in November 1996 when it first listed National Insurance Company Limited (NICO).
Prior to the listing of the first company, the major activities that were being undertaken were the provision of a facility for secondary market trading in Government of Malawi securities namely; Treasury Notes and Local Registered Stock.