BODIVA Indices & Benchmarks
BODIVA, Angola’s securities exchange, maintains market indices to track the performance of listed equities. As the market expands from its current five listings toward a target of 10+ companies by 2027, index coverage and sophistication continue to develop.
Index Overview
| Index | Level | YTD Change | Description |
|---|---|---|---|
| BODIVA All-Share | — | ▲ ~45% | All listed securities, market-cap weighted |
Market Statistics
| Metric | Value |
|---|---|
| Total Listed Companies | 5 |
| Total Market Cap | ~Kz 1.1 Trillion |
| Avg Daily Volume | ~Kz 850 Million |
| Custody Accounts | ~58,000 |
| Year of First Listing | 2022 (BAI) |
| Most Recent IPO | BODIVA (Nov 2024) |
Sectoral Breakdown
The current market is concentrated in financial services (banking and insurance), with BODIVA itself representing the financial infrastructure segment. Upcoming IPOs in telecommunications (Unitel), energy (Sonangol), and other sectors will improve diversification. The ProPriv privatization pipeline includes 74 state-owned enterprises, several of which are candidates for BODIVA listings.
Performance Context
BODIVA’s ~45% market return in 2024-2025 reflects the combined effect of new listings (particularly BFA’s 132% post-IPO gain) and growing retail participation. However, in USD terms, returns are moderated by Kwanza depreciation. Investors should evaluate returns in both AOA and USD-adjusted terms for an accurate performance assessment.