FMBCH - FMB Capital Holdings Plc

Jun 5, 2023 at 13:15 Twitter · Facebook

FMBCH share price on Malawi Stock Exchange

FMB Capital Holdings (FMBCH) Plc is a Mauritius-based holding company for the FMB Capital Group which has banking and finance operations in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. The investment holding company was incorporated in March 2016 as a Category 1 Global Business Licence company. As such, the company's performance is largely determined by that of its underlying investment instruments. FMBCH's primary objective is to evolve into a strategic investment holding company that provides shared services in the areas of treasury management, administration, risk management and strategy, and financial management.

FMB Capital Holdings intends to seek a dual listing in Mauritius, since this will allow fungibility with shares in FMBCH being transferable between the registers in Malawi and Mauritius. The restructuring will also increase the visibility of the FMBCH Group to the international investing public and enhance its profile and shareholder value through a wider market participation in the company's shares. FMBCH's subsidiaries include First Capital Bank which operates in Zimbabwe, Zambia, Botswana, and Malawi; as well as Capital Bank SA (Mozambique). FMB Capital Holdings is rated Long Term A+ and Short Term A1 by Global Credit Rating Co.

FMB Capital Holdings Plc is listed on the Malawi Stock Exchange (MSE). FMB Capital is traded on the MSE under the ticker symbol “FMBCH”. The International Securities Identification Number (ISIN) of MSE:FMBCH is MWFMB0010138. FMB Capital Holdings Plc is currently the fifth most valuable stock on the MSE with a market capitalization of MWK 514 billion, which makes about 9.24% of the Malawi Stock Exchange equity market.

FMBCH Stock Market Performance

The current share price of FMB Capital Holdings Plc (FMBCH) is MWK 209.00. FMBCH closed its last trading day (Friday, June 2, 2023) at 209.00 MWK per share on the Malawi Stock Exchange (MSE), recording a 1% gain over its previous closing price of 207.02 MWK. FMB Capital began the year with a share price of 110.86 MWK and has since gained 88.5% on that price valuation, ranking it eighth on the MSE in terms of year-to-date performance. Shareholders can be optimistic about FMBCH knowing the stock has accrued 25% over the past four-week period alone—third best on MSE.

FMB Capital Holdings is the 10th most traded stock on the Malawi Stock Exchange over the past three months (Mar 1 - Jun 5, 2023). FMBCH has traded a total volume of 2.26 million shares valued at MWK 397 million over the period, with an average of 35,830 traded shares per session. A volume high of 303,050 was achieved on May 3rd for the same period. The table below details the last 10 trading days of activity of FMB Capital on the Malawi Stock Exchange.

Profile of FMB Capital Holdings Plc

FMB Capital Holdings Plc was founded on March 17, 2016 and operates in the Financials sector, specifically, the Banking industry. The company is led by Dheeraj Dikshit as its Group Managing Director. The company's board of directors, chaired by Terrence Davidson, is composed of seven members whose names are listed below.

1. Davidson, Terrence
   Chairman
2. Dikshit, Dheeraj
   Group Managing Director
3. O’Neill, Sean
   Group Director, Corporate Finance & Strategy
4. Anadkat, Hitesh
   Non–Executive Director
5. Ceccato, Francesco
   Non–Executive Director
6. Taposeea, Kamal
   Non–Executive Director
7. Mohadeb, Shayam
   Non–Executive Director

FMBCH Industrial Market Competitors

FMB Capital Holdings Plc, issuers of the FMBCH stock on the Malawi Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top eight by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange