Boost in Nicaraguan Stock Exchange

In July the operations of the Stock Exchange reported growth of 28% compared to same month in 2010.

Wednesday, September 7, 2011

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. "

The statements made by the executive were given in an announcement of a bond program by the Agricultural Corporation SA, Agricorp of $15 million.

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