The trading of listed securities on Mozambique Stock Exchange occurs in an automatic system that is segmented into two components, namely:
- Call Auction Trading System; and
- Registration Trading system.
Call Auction TRADING
In this system, participants place orders to buy or sell units at certain buying or selling prices. At a specific time, all collected orders are matched to form a contract generating transactions at a single quote.
Trading Days: Every working day;
Number of calls: 1;
Trading hours: from 8:00 a.m. to 12:00 a.m.
Orders can be inserted, modified or cancelled by the participant at any time, provided they have not been executed, and up to 5 minutes before the end of the call
Minimum number of securities to trade: 1 unit
Reference-price of Listed Securities:
The reference price of listed securities results from:
a) Last quote made (last transaction price of the security);
b) Last registered buy or sale position;
c) Average, in the case of simultaneous buy and sale orders.
Maximum and minimum variations in relation to the reference-price:
Shares:
- Minimum: 1 Cent
- Maximum: 25%
Bonds and other debt securities:
- Minimum: 1 Cent
- Maximum: 20%
For more information see the Regulation on Stock exchange sessions, Trading and Operations and Regulation No. 02 / GPCABVM / 2018, of 30 May.