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Angola stock exchange business increases 34.9%

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Angola’s Debt and Securities Stock Exchange (BODIVA) closed the month of August with 292 deals, estimated at 92.3 billion kwanzas, an increase of 34.9 percent compared to July.

The turnover of July stood at 62 billion kwanzas, less than 82.5 billion compared to that in June, according to the institution’s report  sent to Angop Thursday.

In the bilateral market, BODIVA traded 48.4 billion kwanzas, while in the multilateral market it registered 43.9 billion kwanzas.

In the above period, the investors in the secondary public debt market conducted 292 deals with BODIVA, with Banco de Fomento Angola (BFA) standing out at the business.

BFA managed 170 deals, estimated at 69.9 billion kwanzas, followed by Standard Bank Angola, with 27 deals estimated at 44.9 billion kwanzas.

The Angolan Investment Bank (BAI) handled 27 deals with a volume of 21.2 billion, while the Atlantic Bank with 16 deals obtained 41.5 billion.

BODIVA handled 512.8 billion kwanzas, with two 557 deals carried out from January to August this year.

The management of the Public Debt in the national market, previously conducted by Debt Management Unit (UGD), has been in charge of BODIVA since May 21.

Source: Angop

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