Panama: Stock Market Growing Strongly

The volume traded in the first half grew by 51% compared to the same period in 2010.

Tuesday, July 5, 2011

Registration of new shares, government involvement and a rise in the price of most of the registered shares has characterized the Panamanian stock market so far this year.

The primary market was the one that recorded the largest movement, led by the government, whose program of Treasury bills and notes resulted in a trading volume of more than $550 million.

On the other hand, the merger of issuing companies and registration of new ones signified an important part of the greater stock market activity.

An article by Edith Castillo in Prensa.com, reports: "With regard to the performance of listed companies, 9 of the 23 that now trade on this organization saw their price increase, boosted the BVPSI index by 261.68 points, which closed on 31 December at 298.14 points from Friday's close.

Analysts agree in indicating that the role of government is important in reviving the volume of transactions that the stock martket has traded in this half of the year.

With regard to the listing of companies it has been noted that the stock market is regaining the momentum of previous years and that investors are motivated to put their money in local companies that have interesting results. "



More on this topic

Panama Stock Exchange Up 4.7% in 2014

January 2015

In the primary market the amount of transactions recorded was $3.389 billion, 2% less than in 2013, while in the secondary market negotiations increased by 22%.

From the Annual Summary by the Panama Stock Exchange (BVP):

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.

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%.

Two new companies to join Panama Stock Exchange

August 2008

Multibank, a private bank with Panamanian capital, and the Sociedad Inversion Inmobiliaria Balboa, which belongs to the Costa Rica Group Financiero Improsa, plan to join the stock exchange.

Executive vice-president of Multibank, Isaac Btesh, said that the registration and approval of common stocks from the bank are awaiting the OK from the National Stock Commission.

Central American securities markets seek to integrate

June 2008

The securities markets of El Salvador, Panama, and Costa Rica have signed a letter of intent to advance the process of creating the Alliance of Central American Markets (Alianza de Mercados Centroamericanos, AMERCA).

"The vision is to lower transaction costs for the issuer and the investor and to be a communication channel, where they can invest in the three markets at the same time," said Rolando Duarte, president of the El Salvador Securities Exchange.

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