Salvadoran Stock Exchange
 | This article needs to be updated. (June 2024) |
| 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 |
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).
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]
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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.
