Angola: Stock exchange to open in first quarter of 2008

31 December 2007

Luanda, Angola, 31 Dec – The Angolan stocks and securities exchange (BVDA) will open in the fist quarter of 2008, the chairman of the new bourse’s regulatory committee said at the weekend.

Cruz Lima, head of the CMC Angolan stock exchange regulator, said the BVDA could open without any listed companies, but it would be preferable for it to start trading shares from as many firms as possible to develop into an international capital market.

Companies associated with the Luanda bourse are Sonangol, ENSA, Endiama, the Port of Luanda, and the BIC, BAI, BFA, BPC and Millennium Angola banks. (macauhub)