Nicaragua: Stock Market Figures

During the last three months of last year, $3.324 million was traded on the stock market, far surpassing the $558 million recorded in the same period in 2017.

Tuesday, February 19, 2019

During the fourth quarter, the most dynamic market was the primary, where 83.9% of the total volume was traded, and the amount traded in the fourth quarter of 2018 represented a little more than 6 times the value traded during the same period in 2017, reports the Central Bank of Nicaragua (BCN).

The document explains that ".... This behavior was mainly the result of the daily monetary operations scheme that the NCB implemented since January 2018, through which financial instruments are placed with terms ranging from 1 to 7 days, representing 73.8 percent of the placements made in the primary market.

It is worth mentioning that even suppressing the effect of the daily placements made by the NCB, the value traded in the primary market during the fourth quarter of 2018 would have increased 8 times, with respect to the volume traded during the same period of 2017.

Extra-exchange transactions showed more dynamic growth compared to exchange transactions. The former represented approximately 9 times the amount traded during the fourth quarter of 2017, an expansion mainly because of the introduction in 2018 of new liquidity management mechanisms by the NCB, in particular the daily monetary absorption operations as of January and the monetary repurchase operations as of May. On the other hand, the operations carried out in the BDVN showed a 49.9% decrease with respect to the same period of the previous year.

See full report.

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