Panama exchange brushes off world woe in stocks with US$1.2 billion in business

Business on the Panama stock exchange totaled US$1.205 billion in the first six months of the year, a 27.9 percent increase on the same period of 2007.

Monday, July 21, 2008

The Panama market has so far remained immune to the problems facing other stock exchanges throughout the world and has been one of only a few in the region to have registered growth. The market index closed the first half of the year at 263 points, growth of 8.2 percent over the period.

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Trading Volume Up 40% in Guatemala

December 2009

$31.72 billion were traded in the first 11 months of 2009, 40.4% more than the same period of 2008.

From January to November 2008 $22.58 billion were traded, according to data from Guatemala's National Stock Exchange (BVN).

"Martha Eugenia Coronado, BVN's marketing sub-chief, said the increase happened because there is a cultural shift, companies now see the Stock Market as a means of getting financing, and both investors and issuers gain more confidence in the system", reports Prensalibre.com.

72.9% Drop in Panamanian Stock Market Transactions

April 2009

This was, according to the Comptroller General of the Republic, during the first two months of 2009 in relation to the same period in 2008.

The Comptroller’s report also noted a decrease of 18.3% in the stock index.

Tagnia Shocrón S. wrote in Laestrella.com.pa: "The downward trend began with the volume traded in September 2008, and it has remained so far this year.

Trading on the Panama stock exchange increase 39%

October 2008

As of September 2008 the Panama Stock Exchange (BVP) negotiated $558.8 million.

The secondary market has been very active, with transaction worth $556.7 million and a growth of 54.9%. Trading of repurchases was at $249.2 million, an increase of 89.80%.

Trading in the primary market reached $752.9 million, an increase of 19.4%.

Guatemala: Investment fund created for medium businesses

August 2008

The private fund, Guatefondo, is the first investment company that will sell shares on the National Stock Exchange (BVN).

Guatefondo has an authorized starting capital of US$25 million with 25 thousand shares at a nominal value of US$1,000 each. These can be acquired at the National Stock Exchange in multiples of $1000, and may be resold in the secondary market based on current price and conditions, explained Gustavo Steiger, Director of Administradora de Inversiones, the company in charge of the fund.

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