Between January and November, transactions on the Stock Exchange totaled $1.562 billion, accumulating an 11% growth compared to the same period in 2016.
Tuesday, December 12, 2017
Gerardo Argüello, general manager of the National Securities Exchange (BVN), told Elnuevodiario.com.ni that "... growth in the stock market is widespread, but he admits that the issues by the Central Bank of Nicaragua and the public sector have encouraged thisdynamism in the stock market."
"...In the secondary market, where buyers and sellers can negotiate directly to acquire securities that are already in circulation, movements accounted for 6.04 percent of the total market with 2,726 million córdobas, surpassing the 4.21% that it represented in the same period last year."
"...Private sector participation gained ground in the stock market between January and November, with 4.50 percent of total emissions, exceeding the 3.68 percent that it represented in the same period last year."
¿Busca soluciones de inteligencia comercial para su empresa?
Do you need information about the financial sector?
Request more information:
Your message has been sent. We will contact you shortly.
In the first eight months of the year, the volume traded in the primary market grew by almost twice as much as in the same period in 2016, driven by growing product diversification and increased investor demand.
Growth in trading in both the primary and secondary market is due mainly to a greater diversification of financial instruments, attractive returns and a growing interest from investors and companies in the stock market both in finding investment options and in seeking financing.
Between January and March $382 million in securities transactions were traded, 45% more than the amount recorded in the same period in 2015.
Data from the National Stock Exchange indicates that in March alone the volume traded by the five exchanges approved in the stock exchange system amounted to $94 million, an increase of 136% over the same month of 2015.
Last year the amount of transactions recorded was $997 million, with highlights including 32% growth in trading in the primary market.
The good performance of the Nicaraguan economy has been accompanied by a sharp rise in the stock market, where a significant dynamism was seen, mainly in the primary market where securities have been traded for the first time.
Between January and April transactions on the Stock Exchange of Nicaragua were registered worth $439 million, more than the $326 million traded in the same period in 2013.
Bonds issued by the Central Bank of Nicaragua are among the most attractive securities, with over $20 million in volumes traded in April alone, according to the Stock Exchange of Nicaragua (BVN).