Investor Fears Dent Trading on Angola’s Securities Market

Capital Market

About 14.8 billion kwanzas (roughly about USD 89.2 million) is the business volume recorded last January in the country’s Securities Market, which represents a reduction of 74.8 per cent in comparison to the same period of the year 2016.

According to a report from the Securities Market, this decrease in transactions is due to the fact that investors seem less willing to negotiate securities index-linked to the US dollar in a previous scenery of foreign exchange stability.

The report also explains that the securities that sold the most were those with a shorter period of maturation, namely those due in 2017 and 2018.

This situation, explains the report, is caused by the increase in the sense of risk showed by investors, who now tend to prefer short term applications in the market for quicker return of their investments.

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