Ver Angola

Economy

Stock exchange profit increases more than 1000 percent to 805 million kwanzas

The Angolan Debt and Stock Exchange (Bodiva) presented a net profit of more than 805 million kwanzas in the first half of the year, 1015 percent more than in the same period last year.

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In a statement, BODIVA justifies the growth with the increase in business volume, highlighting the charging of a new maintenance commission for share trading (charged annually since the activation of the share market) and the increase in transactions in the secondary and , consequently, the negotiation and settlement commission.

The result offset the increase in personnel costs (12 percent) and other operating costs (56.5 percent).

The positive trend of recent years was also noted in other indicators, including the increase in turnover to 2.375 billion kwanzas, more than 97.50 percent in relation to the first half of the previous year.

Regarding market results, Bodiva reached the end of the first half of the year with a 120 percent increase in the total amount traded, year-on-year, having traded a total of 1,076 billion kwanzas.

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