Panama: Stock Exchange Transactions Up 40% in 2016

Over $7,3 billion was traded on the Panamanian stock market over the past year, 40% more than the $5.246 billion traded in 2015.

Tuesday, January 10, 2017

In 2016 negotiations on the primary market went up by 15.7% compared to the previous year, settling at $3.934 billion, above the $3.401 million in 2015. Transactions in the secondary market grew by 44%, going from $1.51248 billion to $2.18289 billion.

The president of SFC Investment, S.A., Santiago Fernández Castro, told that "... 'the positive incremental volume arose because of an improvement in the secondary market for securities, which undoubtedly is excellent news for the market. While the primary market accounted for a significant percentage of the volume, and of the issue by Tocumen 20% of it, a 44.3% increase in the secondary volume relative to 2015, is the best indicator that we are working on deepening the capital market in Panama.'"

"... At the close of 2016 the BVP recorded 38 new issues worth a total of $3.021 billion, surpassing the 29 recorded in 2015 adding up to $1.9184 billion. The most noteworthy in the list were Senior Secured Bonds by Tocumen International Airport for $625 million."

See statistics on the Panama Stock Exchange.

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