El Salvador: Electric Company to join Stock Exchange

The Eastern Electric Company (EEC) plans to make a public offering of shares on the Stock Exchange of El Salvador.

Wednesday, September 3, 2008

With more than $66.4 million invested to date, the company is seeking to increase its investment capacity in order to face growing demand in the eastern zone arising from the development of the La Union Port.
The increase in capital will allow the company to take on new commitments with Fomilenio and Finet which are setting aside approximately $4.5 million for the construction of new rural electrification projects.

More on this topic

El Salvador: Stocks Grow By 37%

February 2012

The growth in turnover for 2011 is the result of investment incentive strategies in the stock market and the operation of new mechanisms such as trusts.

An article in Laprensagrafica.com reports that "In 2011, $3.555 billion was traded on the BVES compared to the previous year when a total of $2.59 billion was traded.

Stock Markets are Essential

September 2010

Stock exchanges strengthen capital markets and encourage countries' financial and economic development.

Daniel Choto, writing for Elsalvador.com, reports statements from the general manager of the Salvadoran stock exchange (BVES in Spanish), Javier Mayora, as well as from its president Rolando Duarte.

Salvadoran stock exchange seeks investors

September 2008

Having incorporated new investment options, the stock exchange is looking to motivate investors to participate more actively.

Some of the new changes include new issuers from non-traditional sectors such as bonds from La Hipotearia (a company that is dedicated to the creation, charging and securitization of mortgages at the regional level), investment certificates by the Hipotecario (Mortgage) Bank, not to mention trading of US stocks.

The Stock Exchange of El Salvador traded $5.6 million

August 2008

The trade of international stock marked an important growth during the first semester of the year, indicated the Stock Exchange of El Salvador (BVES).

The purchase of shares increased to $3.3 million, while sales rose to $2.3 million, for a total trade of $5.6 million.
The BVES reported that from January 1 to July 29, 89% of the purchases were done by individuals; 8% by companies from the services sector and the rest by industry. 95% of the sale of international shares was done by individuals and 5% by companies from the services sector.

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