Angola Stock Exchange increases trading of government bonds

10 July 2015

The Angola Debt and Securities Exchange (Bodiva) last June traded over 22 billion kwanzas (US$178 million) representing 161,300 treasury bonds, Bodiva said Thursday in Luanda.

The transactions were recorded by banks Banco Fomento Angola (BFA), Banco Millennium Angola (BMA) and Banco Angolano de Investmento (BAI), with 84.6 percent, 9.50 percent and 5.85 percent, market shares, respectively.

Bodiva also said that the first transactions on the Treasury Securities Registration Market (MRTT) took place on 20 May, a month in which trade totalled over US$47 million.

On Tuesday, Standard Bank Angola became a trading member of Bodiva under an admission contract signed in Luanda.

The chief executive of Standard Bank Angola, António Coutinho said signing the contract was important for his bank and added “it is a way to contribute to the development of Angola’s economy.”

In turn, the chairman of the executive committee of Bodiva, Pedro Pitta Groz, said that with the entry of the Standard Bank Angola, four financial institutions that have signed the contract for admission to quality trading member, the Bank concretely Fomento Angola (BFA), the Angolan Investment Bank (BAI) and the Millennium Bank. (macauhub/AO)