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Amount Traded on Angolan Stock Exchange Down 2.3% in First Quarter

Amount Traded on Angolan Stock Exchange Down 2.3% in First Quarter

The volume transacted in deals made in the first quarter on the Angola Debt and Securities Exchange (BODIVA) decreased 2.3% year-on-year, to nearly $430 million, the entity announced today.

“During the first quarter of 2022, 1,177 trades were carried out in the regulated markets under BODIVA management, moving a total of 216.9 billion kwanzas, equivalent to 429.9 million dollars [405 million euros], which represents a decrease of 2.29% year-on-year,” reads the statement sent to Lusa.

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The statement explained that “the average monthly amount of trading was 72.32 billion kwanzas, with January being the month that saw the most trading, with around 122.13 billion kwanzas.

As for the number of trades, BODIVA says that the 1,177 trades carried out, 392 per month on average, show a decrease of 16.52% compared to the first three months of 2021.

Securities trading at BODIVA fell largely on the five main banks operating in the country, with activity recorded from 22 of the 27 members of the Angolan exchange.

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“Of the 27 BODIVA members, 22 contributed to the amount traded,” with “particular emphasis on BAI, BFA, BCGA, BIC and BMA, which occupy the top five places and whose transactions represented about 81.45% of the market.

Lusa

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