Angola Stock Exchange trades US$2.19 billion dollars in securities in 2016

3 February 2017

The Angolan Debt and Stock Exchange ​​(Bodiva) registered securities trading in the amount of 365 billion kwanzas in 2016, equivalent to US$2.19 billion, three and a half times the amount traded in 2015, the chairman of the Bodiva board said on Thursday in Luanda.

Patrício Vilar said that the value of securities transactions in 2015 amounted to 104 billion kwanzas (US$624 million) and called for new segments to be launched, including the shares market, to make the Angolan market “increasingly attractive.”

Vilar noted that negotiations recorded in the last two months of 2016 reached a monthly amount of 60 billion kwanzas (US$360 million), compared with US$180 million in the same period of 2015.

Treasury Bills (BT) are the most sought out securities in the market, particularly by commercial banks and businesses, more so than Treasury bonds, because they have higher interest rates between 23% and 24% and have shorter maturities.

“The Treasures of Securities Market (MBTT) is the most attractive, because the state has sought financing in the short term but I believe that with the Annual Debt Plan, presented recently by the Ministry of Finance, this trend will be reversed and there will be more longer term issues, such as Treasury Bonds, “said Vilar.

Banco de Fomento Angola, Banco Angolano de Investimento, Standard Bank, BIC and Banco de Poupança e Crédito, along with some companies, are the members operating within the exchange, as well as two brokerages.

Securities trading in Angola is displayed in real time at http://www.bodiva.ao/informação-de-mercado/cotações/em-tempo-real/. (macauhub)

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