Between January and November, transactions on the Stock Exchange totaled $1.562 billion, accumulating an 11% growth compared to the same period in 2016.
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."
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.
In 2015 more than $1.2 billion in securities were traded on the stock exchange, a 21% increase compared to 2014, driven by trade in government securities.
Short-term operations, particularly negotiations on the repo market, which led movements in the Nicaraguan Stock Exchange, increased by 37% compared to transactions of these instruments in 2014.
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.
As the economy grows significantly, reduced government involvement in 2013 led to a meager 1% growth in transactions on the Stock Exchange.
During 2013, transactions in the securities market of Nicaragua grew by just 1%, going from $888.5 million in 2012 to $893.2 million in 2013. The almost zero growth is due to low participation of the government and lack of promotion of its emissions, among other factors.
Initial expectations for the placement of shares in real estate funds worth $2 million was far surpassed, with a total of $9 million in the first year.
Laprensa.com.ni reports that "... the success of the FII is based on the fact that these pay a better percentage for the investment (from 6.5 to 8 percent a year), much more than is usually paid by the financial system on savings, but also offers fewer levels of risk for investors.
The partnership will allow Nicaraguan entities to access stock market information market from Costa Rica.
According to Jose Rafael Brenes, General Manager of the National Stock Exchange of Costa Rica, the goal is to facilitate access to stock and share products from Costa Rican market, through the signing of a correspondent agreement between broker members", reported Elnuevodiario.com.ni
Despite a 44% drop in trading volume in October, the sector expects to finish 2009 with a 25% growth.
This was announced by Gerardo Argüello, who explained that they expect higher volume in the last two months of the year, because the Central Bank of Nicaragua will issue various securities.
Argüello added: "...by the end of 2009, trading volume in the National Stock Exchange will reach $564 million, $108 million more than in 2008", reported Laprensa.com.ni.
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