In the first three months of the year $1.350 million worth of securities were traded, up from $1.057 million traded in the same period in 2013.
Increased purchases of securities in the first quarter of 2014 "were made by BG Valores ($230.09 million), Prival Securities ($228.88 million), Banco Nacional de Panama ($195.62 million), MMG Bank Corporation ($142 55 million) and Citivalores ($126.06 million) ... While those who presided over sales were Prival Securities, with $362.97 million; BG Valores, with $209.33 million; MMG Bank Corporation, with $200.52 million; and Citivalores, to $169.25 million ... "
The market is now in its first stage of operations with transactions of government bonds and state owned institutions, which will be followed by corporate bonds.
The new link between the Central Latinoamericana de Valores Latin Clear Central and the largest global custodian of shares Euroclear allows emissions on the Panama Stock Exchange to be purchased by investors in 46 countries around the world.
Central Latinoamericana de Valores S.A. - Latinclear now offers international securities custody services in nine countries.
The head office of securities, which began operations in 1997 with the support of the Stock Exchange of Panama, Latinclear, will be introduced to the markets of Canada, Mexico, and Argentina through its Clearstream Banking account in Luxembourg.
An analysis suggests that the lack of a stock market is not the fault of businesses or investors, but of the system.
In his blog in Elfinancierocr.com, Allan Rodriguez, Founding Member and General Manager of Group CFS, analyzes in two successive posts how much costs are implied by the productive economy not having a stock market from which to obtain financing as several causes of the problem.
Costa Rican pension-fund managers can have up 40 percent of their assets in foreign markets, following a tendency that began to be noted in May.
Through April of this year, the proportion of foreign funds in Costa Rican pension schemes dropped, but since May the trend has been reversed as managers fight to raise low yields on their investments.
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