The Stock Market in Panama

With a secondary market with little dynamism, competition for customers is increasing, with operators opting for different strategies.

Monday, May 21, 2012

Jorge Velez, manager of Interbolsa Panama, Santiago Fernandez, president of SFC Investment Company, and Arthur Mirando, vice president of Thales Securites, analyze the last year’s results of their respective companies, the stock market behavior, and strategies that they have adopted in order to grow.

Fernandez stated that SFC Investment "closed 2011 with the most assets, and equity transactions if we consider that theirs are mostly local customers and titles."

Meanwhile Jorge Velez of Interbolsa Panama, said that "in the case of the brokerage firm represented, in the last two years it has seen significant growth levels in all indexes, especially in revenue, trading volume and profits."

Arturo Mirando from Thales Securites said that "the revenue generated based on these transaction volumes varies in each company because of the rate of commissions of each one and the profits are a function of the difference between gross income and operating costs and administrative expenses of each financial year. "

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Over $7,3 billion was traded on the Panamanian stock market over the past year, 40% more than the $5.246 billion traded in 2015.

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2014 was a year of significant achievement for the Panama Stock Exchange, annual trading volume increased by 4.7% compared to 2013, with total trading of $5.2 billion.

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The placement of Panamanian securities through the Bloomberg platform will mean greater exposure to global investors and consequently increased demand.

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