This June 2015, the Angolan stock market registered an overall volume of transactions of US$197.5 million. The operations involved 161,301 bonds, we learnt from a press release from the local commission of financial markets on 7^th July 2015.

In May 2015, this value of stock turnover reached US$47 million, which amounts to an overall transactions value of US$244 million, for the two periods in question. These transactions were processed by the banks: Banco de Fomento Angola (BFA), Banco Millennium Angola (BMA) and Banque d’investissement angolais (BAI), with respective shares of 84.6%, 9.5% and 5.85%.

The market managers explained this performance, by the efforts to improve on transparency and explanations of the rules by which it operates, which increased the confidence level of investors. Speeaking on this subject during a Friday investors club meeting, Antonio Furtado (pictured), the Chairman of the board of directors of this market, appeared confident on the upcoming opening of the equity section. “All the conditions for an optimum performance of the stock market have been met, and they are today able to respond to the financing needs of the state and companies from internal savings and attraction of foreign capital”, indicated Mr Furtado, according to the information collected by the Angolan press agency.