By Mayamiko Phiri
BLANTYRE-(MaraviPost)-FDH bank Plc has now officially been listed on the Malawi Stock Exchange (MSE) Market.
The colorful ceremony took place in Blantyre on Monday, August 3, 2020.
On the listing day about 900,000 shares were also traded.
Price went up to MK15 from MK10 per share allowing shareholders to register a capital gain of 50 percentage on the first day.
FDH bank managing director Dr Ellias Ngalande said that this is a good development for the bank as now they will have access to the wider Investment community.
Ngalande further said that this is also an opportunity for Malawians to invest in the bank that has a good future and is home grown.
In his remarks Malawi Stock Exchange chief executive officer John Kamanga.
As one of MSE objectives is to redistribute wealth to Malawians especially the general public.
FDH bank issued the initial public offer (IPO) from 29th June to 17 July 2020.