Year:2026 2026 (current)2027

2027 market holidays

—Projected

BFM (Madagascar Stock Exchange) market holidays2027 dates & closures

Madagascar Stock Exchange (BFM) has 12 scheduled holiday dates in 2027, including 12 full-day closures. The next full closure is New Year's Day on Friday, January 1, 2027. This schedule is projected from historical patterns — the official 2027 calendar has not been announced yet. Regular trading runs 09:00–15:00 GMT+3, Monday – Friday.

Is BFM open today?BFM trading hours All exchange holidays

12
Holiday dates in 2027: 12
Full-day closures: 0
Early closes & half days

Next full-day closures

2027

Jan1
New Year's Day
Fri · market closed all day
Mar26
Good Friday
Fri · market closed all day
Mar29
Martyrs Day
Mon · market closed all day
Mar29
Easter Monday
Mon · market closed all day
Mar30
Martyrs Day (Observed)
Tue · market closed all day
May25
Africa Day
Tue · market closed all day
Jun26
Independence Day
Sat · market closed all day
Aug15
Assumption Day
Sun · market closed all day
Nov1
All Saints Day
Mon · market closed all day
Nov2
All Saints Day (Observed)
Tue · market closed all day
Dec11
Republic Day
Sat · market closed all day
Dec25
Christmas Day
Sat · market closed all day

Download 2027 calendar (.ics)

Holiday dates follow the exchange’s official calendar; early closes and substitute holidays are included where published.

Full 2027 schedule

2027 Holiday Calendar — Full Schedule12 total dates

Date	Holiday	Status	Trading hours
January 20271 full closure
Jan 1, 2027Friday	New Year's Dayprojected	Full closure	Closed
March 20274 full closures
Mar 26, 2027Friday	Good Fridayprojected	Full closure	Closed
Mar 29, 2027Monday	Martyrs Dayprojected	Full closure	Closed
Mar 29, 2027Monday	Easter Mondayprojected	Full closure	Closed
Mar 30, 2027Tuesday	Martyrs Day (Observed)projected	Full closure	Closed
May 20271 full closure
May 25, 2027Tuesday	Africa Dayprojected	Full closure	Closed
June 20271 full closure
Jun 26, 2027Saturday	Independence Dayprojected	Full closure	Closed
August 20271 full closure
Aug 15, 2027Sunday	Assumption Dayprojected	Full closure	Closed
November 20272 full closures
Nov 1, 2027Monday	All Saints Dayprojected	Full closure	Closed
Nov 2, 2027Tuesday	All Saints Day (Observed)projected	Full closure	Closed
December 20272 full closures
Dec 11, 2027Saturday	Republic Dayprojected	Full closure	Closed
Dec 25, 2027Saturday	Christmas Dayprojected	Full closure	Closed

Full-day closure Early close Half day Special sessionAll times local to the exchange.

2027 BFM Holidays

2027 Madagascar Stock Exchange Holidays Calendar

Weekend

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Irregular Schedule

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About BFM Trading Hours

Regular Hours: 09:00 – 15:00 (Africa/Nairobi)

Country: Madagascar

Time Zone: Africa/Nairobi

Currency: MGA

Official BFM Website →

Frequently Asked Questions

Is BFM closed on weekends?

Yes, BFM is closed on Sundays and Saturdays. Regular trading occurs Monday – Friday only.

Does BFM close for lunch?

No, BFM does not have a lunch break. Trading is continuous during the session.

What happens if a holiday falls on a weekend?

Most exchanges observe the holiday on the nearest weekday — a Saturday holiday is usually observed on Friday, and a Sunday holiday on Monday. Check the official schedule for specific adjustments.