Panama Stock Exchange and Guayaquil Sign Agreement

The Stock Exchange has signed a mutual cooperation agreement with the aim of negotiating simultaneously releases.

Tuesday, December 20, 2011

The purpose of the agreement is to develop mutually beneficial initiatives generating releases of securities and transactions in both directions, including the adequacy of trading systems.

According to an article in EFE's, "... in a statement the executive vice president and general manager of the Panama Stock Exchange, Roberto Brenes, said that the BVP already has similar agreements with Costa Rica, Nicaragua and El Salvador and aims to extend it to the Dominican Republic. "

More on this topic

72.9% Drop in Panamanian Stock Market Transactions

April 2009

This was, according to the Comptroller General of the Republic, during the first two months of 2009 in relation to the same period in 2008.

The Comptroller’s report also noted a decrease of 18.3% in the stock index.

Tagnia Shocrón S. wrote in Laestrella.com.pa: "The downward trend began with the volume traded in September 2008, and it has remained so far this year.

15.4% less traded in Panama exchange

January 2009

The total trading at the Panama Stock Exchange (BVP) at the end of 2008 was $1.93 billion, or 15.4% less than 2007.

According to laestrella.com.pa, "During the first three quarters of 2008, the BVP recorded an increase that was greater than in 2007, however in the last three months of the year, the situation was reversed.

Panamanian Exchange Trading Grows by 27.5%

January 2012

The total amount traded on the Panamanian Stock Exchange (BVP in Spanish) at the end of 2011 was $3.365 million, 27.5% more than in 2010.

A statement from the BVP said that the total amount traded was $1,377 million in releases of corporate bonds and $1,243 million in state certificates.

Regional stock markets aim to sing from the same song sheet

July 2008

Panama, El Salvador and Costa Rica are working on a project that will harmonize – though not merge – their stock markets.

Other countries, including Nicaragua, Colombia and the Dominican Republic, have also shown interest in taking part. The new scheme is expected to come on stream within two or three years.

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