Ver Angola

Economy

Exchange-traded amount fell 2.3 percent in the first quarter

The volume of transactions carried out in the first quarter on the Angolan Debt and Securities Exchange (BODIVA) fell by 2.3 percent year-on-year, to almost US$430 million, the entity announced this Wednesday.

:

"During the first quarter of 2022, 1,177 transactions were carried out in the regulated markets managed by BODIVA, moving a total of 216.9 billion kwanzas, equivalent to 429.9 million dollars, which represents a decrease of 2.29 percent compared to the same period last year", reads the statement sent to Lusa.

In the text, it is explained that "the average monthly amount of trading was 72.32 billion kwanzas, with January being the month in which there was the greatest negotiation, with around 122.13 billion kwanzas".

As for the number of deals, Bodiva says that the 1177 deals carried out, 392 per month on average, show a decrease of 16.52 percent compared to the first three months of 2021.

Securities trading on Bodiva was largely carried out by the five main banks operating in the country, with activity recorded by 22 of the 27 members of the national stock exchange.

"Of the 27 BODIVA members, 22 contributed to the amount negotiated", with "particular emphasis on BAI, BFA, BCGA, BIC and BMA, which occupy the top five places and whose transactions represented around 81.45 percent of the market".

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