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Thu, 03 Sep 2020 11:30 - Updated Thu, 03 Sep 2020 11:30

Angola stock exchange business drops in August

Luanda - Angola’s debt and Security Stock Exchange (Bodiva) closed the month of August with a value of AKz 87.7 billion, a decrease of AKz 19.7 billion compared to July.

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The turnover of July stood at 107.5 billion kwanzas, according to the institution’s data available in its website reached Angop.

The source quoted Banco de Fomento Angola (BFA), with over 60 percent of operations completed, as standing out at the business.

Banco Angolano de Investimentos (BAI) comes second, followed by  Millennium Atlântico and Standard Bank.

The bonds of 2021 were the most sought-after, followed by those in 2022, while those in 2024 were in relative demand.

In June this year, BODIVA reported a monthly record in business in the second public debt market a value of 150.4 billion kwanzas.

The increase in turnover reflected the consolidation of financial literacy on saving alternatives, the confidence of the Angolan companies and families in the financial instruments available for transactions at BODIVA.

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