NewsWhore
01-08-2009, 03:40 PM
According to Darys Estrella, General Manager of the Dominican Republic Stock Exchange (BVRD), "2008 was a good year for the Bolsa, despite the global crisis." The local stock exchange continued to grow as a reliable source of financing for local business. By year's end, the companies that accessed the capital market in 2008 were: Cerveceria Nacional Dominicana, Inca, La Fabril, BHD Valores, Motor Credito, Franquicias Dominicanas, and Metro Country Club. There was more than RD$8 billion in new issues.
Total volume for 2008 was RD$42,971,338,524, compared to RD$15,414,587,959 in 2007, representing a 179% increase. Of the total volume, 19% was in the primary market and 81% was in the secondary market. Estrella says, "I believe this demonstrates confidence in the local markets and in the exchange."
For the start of the year, Estrella highlights that the big accomplishment in the local market, was the start of "delivery versus payment". The Cevaldom (Custody and Clearing house) is liquidating through the Central Bank in real time as of 6 January 2009. "This is an international standard and many people, especially international investors, were waiting for this day to come," she points out.
More... (http://www.dr1.com/index.html#3)
Total volume for 2008 was RD$42,971,338,524, compared to RD$15,414,587,959 in 2007, representing a 179% increase. Of the total volume, 19% was in the primary market and 81% was in the secondary market. Estrella says, "I believe this demonstrates confidence in the local markets and in the exchange."
For the start of the year, Estrella highlights that the big accomplishment in the local market, was the start of "delivery versus payment". The Cevaldom (Custody and Clearing house) is liquidating through the Central Bank in real time as of 6 January 2009. "This is an international standard and many people, especially international investors, were waiting for this day to come," she points out.
More... (http://www.dr1.com/index.html#3)