Nicaragua: Stock Transactions Up 35 %

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.

Thursday, May 8, 2014

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). In total, deals of $67.1 million were recorded that month, representing an increase of 75% compared to the volume in April 2013.

According to Eduardo Ortega, General Manager of Invercasa Puesto de Bolsa "up until April last year $326 million had been negotiated, we must remember that 2013 was the year in which new products were unveiled which helped strengthen the stock market, that is why this year we are seeing a greater volume being traded."

"The executive said that in April the issuances of securities from the public sector accounted for 96.84 percent of the total volume traded on the stock market, while the remaining 3.16 percent was made through private sector issues."

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