This article needs to be updated.(June 2024) |
The Salvadoran Stock Exchange (Spanish: Bolsa de Valores de El Salvador, BVES) is the stock exchange in the nation of El Salvador.[1] The exchange is used for the securitization of various government infrastructure projects. It is overseen by Central Securities Depository (CEDEVAL).
Bolsa de Valores de El Salvador | |
Type | Stock exchange |
---|---|
Location | San Salvador, El Salvador |
Founded | April 27, 1992 |
Owner | Central Securities Depository (CEDEVAL) |
Key people | Rolando Duarte (President) Valentín Arrieta (CEO) |
Currency | United States dollar (USD) |
No. of listings | 34 (2009) |
Market cap | US$4.8 billion (2023) |
Website | www |
Rolando Duarte is the President, and Valentín Arrieta is the CEO.[2][3][4][5] As of 2009[update], there were 34 companies trading on the exchange, the vast majority in finance or insurance businesses.[6]
A stock market was first established in El Salvador in 1965.[7][8] It was closed on March 26, 1976, due to low levels of activity.[9]
The current stock market was established in April 1992,[6] three months after the Chapultepec Accords brought an end to the Salvadoran Civil War. The market grew from handling U.S. $600 million initially to more than U.S. $3.5 billion in 2011[10] and more than $4.8 billion in 2023.[2]
In 2017, El Salvador and Panamá began to integrate their stock markets. Nicaragua joined this project in 2023. From 2017 to 2023, over U.S. $460 million has been traded between the Salvadoran and Panamanian exchanges. Honduras and Guatemala are expected to join this project in the future.[5]
The BVES is a member of the Federación Iberoamericana de Bolsas (FIAB), an organization of stock exchanges in Latin America, Spain, and Portugal.[11] In August 2023, BVES joined the Sustainable Stock Exchanges Initiative.[12]
References
edit- ^ Bolsa de Valores de El Salvador, Bolsa de Valores de El Salvador official website, May 5, 2010, ""Bolsa de Valores de El Salvador - El Salvador BVES". Archived from the original on 2011-03-01. Retrieved 2010-05-05.", May 5, 2010
- ^ a b "El mercado bursátil salvadoreño crece 73% a octubre". El Economista. December 11, 2023.
- ^ "Bolsa salvadoreña se pintará de verde". El Economista. August 8, 2021.
- ^ "Financing Works Through the Stock Exchange". Central American Data. November 14, 2013.
- ^ a b "El mercado bursátil de El Salvador creció un 66 % al cierre de 2023". El Mundo. 2024-02-16.
- ^ a b Investment Policy Review: El Salvador by United Nations Conference on Trade and Development. United Nations. 2010. ISBN 9789211127973.
- ^ "Exchange To Open in San Salvador". The New York Times. 1965-01-22.
- ^ "La Bolsa de Valores de El Salvador: antecedentes, historia de su fundación y sus primeros diez años de operaciones", Bolsa de Valores de El Salvador, 2002
- ^ Elaboración de Una Guía de Criterios Y Herramientas Financieras de Evaluación Para Orientar a Inversiones en La Toma de Decisiones Óptimas en La Bolsa de Valores de El Salvador (PDF). 2005.
- ^ "Salvadoran Stock Exchange is Smoldering, Growing 40% Last year". Tropical Daily. February 6, 2012. Archived from the original on 2016-03-04.
- ^ Dreier, Daniel. "Salvadoran Stock Exchange". Moneyland.
- ^ "UN SSE welcomes Bolsa de Valores de El Salvador". United Nations Sustainable Stock Exchanges Initiative. August 30, 2023. Retrieved July 2, 2024.