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Angola boasts abundant natural resources. It is the third largest producer of oil in Africa, natural gas and is the fifth biggest producer of diamonds in the world. Angola is China's second largest trade partner in Africa.

Analysts said the move was in line with market expectations, and there is still policy room for further cuts of interest rates and reserve requirement ratios to keep ample liquidity and support smaller companies.

And they are among 800,000 federal workers scheduled to miss their first paychecks in coming days, including most of the Secret Service agency that guards President Donald Trump and other US officials.

Analysts from GF Securities wrote in a note that the STAR Market did not draw significant liquidity from the other boards during its first week of trading. On the contrary, the impressive trading results on the new board boosted the trading volume of the overall market.

And even as the region is gradually lifting lockdown measures, industry players expect consumers to continue to use mobile payment options.