Luanda – More than 73% of the financial community maintains a high level of confidence in the current actions and operations of the capital market, as well as optimistic regarding future perspectives of the market.
The information released is part of a survey carried out by the Capital Market Commission (CMC), which was presented on Wednesday in Luanda province during the event called "Panorama of the Capital Market", promoted by the CMC, which aimed to understand the behaviour of macro-financial variables and their impact on the national and international financial markets, as well as to present the actions and risks of the capital market in 2024.
Speaking in the event, CMC's Executive Director, Nádia Pinto stated the confidence expressed by the financial community not only values consolidated practices, but highlights the resilience and strength of the Capital Market in today's dynamic and challenging economic scenario.
According to her, confidence in the market is crucial for its functioning, and confidence reveals not only the projections, but also the optimism and concern of the sector, which is increasingly important for the Angolan economy.
He said that the results presented are crucial for the financial system, as well as for the capital market, adding that joint collaboration, innovation and commitment to shape a strong and prosperous financial future for Angola is an urgent act, which is why everyone within their sector are called upon to actively participate in this new capital market dynamic.
The research was directed to all the securities brokers and dealers, companies managing collective investment undertakings, regulated market management companies active and registered with the CMC by September 2023 and presents the market's perceptions, expectations and concerns regarding the macro-financial alignment for 2024.
For her part, the secretary of State for the Budget and Public Investment, Juciene de Sousa, pointed out that banking institutions had stopped providing brokerage services and investment activities in securities and derivatives by 31 December 2023.
She reiterated that this activity will now be carried out exclusively by securities brokers and dealers registered with the Capital Markets Commission.
She said that banking financial institutions may, until 31 December 2025, carry out other activities such as assisting public offers of securities, among other services.
The secretary of State considered that the event would contribute to a better understanding of what lies ahead in 2024.
The capital market is a segment of the financial system where securities and derivatives are traded.
Currently, in the Angolan capital market, investors buy and sell these instruments through broker agents, such as banking financial institutions, securities brokerage firms and securities distribution companies.
However, the event was marked by a tribute to CMC's first interim president, António da Cruz Lima, by the institution's Board of Directors, as well as the recognition of the commercial banks BAI and BFA.
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