A statement by the Malawi Stock Exchange (MSE) has revealed that changes have been made for trading patterns, a move aimed to protect the market from volatility and speculative trading as coronavirus risks continue to mount globally.

MSE says it has implemented a comprehensive business continuity plan to curb risks that the pandemic will have on trading. Meanwhile, stakeholders are also advised to make electronic submissions of documents as the exchange will not be accepting hard copies until further notice. Part of the statement reads, “…listed companies planning on holding annual general meetings [AGMs] or other shareholder engagement activities should ensure they comply with the current order on gathering or consider postponement to a later date in consultation with all relevant regulatory authorities.”

On the other hand, the Reserve Bank of Malawi (RBM) has formed a special taskforce to monitor possible impacts of Covid-19 on the country’s economy. RBM Spokesperson Mbane Ngwira announced that the central bank has formed a special committee which will be assessing the possible threats on each category of the economy.