"The stock index (BVPSI), which suffered during the international financial crisis, began 2010 with anemic performances, but recovering during the first quarter of the year and then began to gain momentum," Edith Castillo writes in his article in Prensa.com. "The index rose from 228.05 points in December 2009 to 261.68 points in December 2010, yielding 14.75%."
In July the operations of the Stock Exchange reported growth of 28% compared to same month in 2010.
Estimates for the end of 2011 show a 24% increase, on the basis that between January and August transactions totaled more than $465 million.
Elnuevodiario.com.ni reported statements by Edgar Gutierrez, general manager of brokerage firm Invercasa, "The growth is partly due to excess liquidity in the economy, issues by the Central Bank of Nicaragua (BCN in Spanish), negotiations that have occurred in the secondary markets on Compensation Payment Bonds (BPI) and also more activity in repurchases. "
In August, after 6 months of consecutive increases, trading volume dropped 61% when compared to the previous month.
Emiliano Maranhao, CEO of stock brokerage Invercasa, reported this as a normal cyclical situation, which happens this time of the year.
"According to the head of Invercasa, the drop is related to high trading volume in the first six months of the year, which triggered a reduction in yields, causing a slowdown in investment starting August", reported Elnuevodiario.com.ni.
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