Ver Angola

Economy

Angolan stock exchange carried out 4,326 trades valued at 847 billion kwanzas in 2019

The Angolan Debt and Securities Exchange (Bodiva) carried out 4,326 trades in the regulated markets under its management in 2019, with a turnover of 874 billion kwanzas, as announced this Thursday.

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According to the data released, the average quarterly amount was 218.53 billion kwanzas.

According to the Bodiva 2019 Markets Annual Report, presented in Luanda, the volume traded during the past year represents an increase of 10 percent over 2018 and the average annual growth rate recorded in the last three years was 34.94 percent.

In the course of 2019, the fourth quarter recorded the highest trading volume with around 231.60 billion kwanzas.

The number of trades last year, set at 4,326, registered an increase of 11.55 percent in relation to the same period of the previous year, with an average of 1,082 trades per quarter.

The average annual growth in the Angolan Debt and Securities Exchange markets between 2016 and 2019 was 33.01 percent.

The Bodiva Markets Annual Report, whose management ensures regularity in its publication, also states that in 2019 issues in the primary market reached 751.36 billion kwanzas and in the secondary market 874.12 billion kwanzas were traded.

In the secondary public debt market, the amount traded during the period represented 116.35 percent of total issues in the primary market.

When comparing the amount traded on the secondary public debt market with the stock of public debt securities, at 10.51 billion kwanzas, the report notes that in this period, on average, the secondary public debt market accounted for around 2.45 per cent of the stock of public debt securities.

In the area of interest and repayments, in 2019, 1,037 distribution events were processed in the markets by the Stock Exchange, namely 903 coupon payments, 134 redemptions and an amortisation of the BFA Fund (Banco de Fomento Angola) Oportunidades II units.

The Minister of Finance, Vera Daves de Sousa, who spoke at the opening of the meeting, recalled that Bodiva has been under the guardianship of the Government since 2014, a measure that expresses the "strong commitment of the Angolan executive" to its vision of the capital markets.

"Our commitment and vision remain since 2014, which is to ensure that Bodiva positions itself and acts as a platform capable of offering alternative financing to companies, the vision is the same," he said at the time.

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