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FDH Bank has today officially listed on Malawi Stock Exchange (MSE).
The bank’s share price has gained K5 in five trades to trade at K15 per share from the Initial Public Offer (IPO) price of K10.
At exactly 9:52 am, FDH Bank had traded 905 000 shares.
In his remarks during the listing at Sunbird Mount Soche in Blantyre, MSE board chairperson Winfold Masanjala said the listing marks a huge milestone in the existence of the MSE.
FDH Bank listing brings the number of listed banks to five and pushes the number of counters on the bourse to 16.
FDH Bank Plc was incorporated on May 17 2007 and was re-registered as a public limited liability company under the Companies Act, 2013 on June 3 2020.
