By Chisomo Phiri
The Minority Shareholders Association of Listed Companies (MISALICO) has urged Malawians to start investing in the stock market.
Speaking during a press briefing in Lilongwe on Wednesday, MISALICO general secretary Frank Harawa pointed out that the stock market is a lucrative business but the majority does not know how to benefit from it.
Said Harawa:”It is not that the poor have completely nothing to invest but they lack information about the stock market which does not require a huge amount of money at a goal.”
He said to clear this knowledge gap, the association has organised a learning workshop at Capital Hotel in Lilongwe on October 18, 2023.
On his part, the central region chairperson for the association Purity Chitalo said there is hope that after the workshop, there will be scramble for shares on the market by the public.
He also said during the workshop, people will have an opportunity to open accounts for the stock exchange market and become proud members.
In short, stock market is a component of a free-market economy.
The market allows companies to raise money by offering stock shares and corporate bonds and allows investors to participate in the financial achievements of the companies, make profits through capital gains, and earn income through dividends.
The stock market works as a platform through which savings and investments of individuals are efficiently channeled into productive investment opportunities and add to the capital formation and economic growth of the country.