Stock market had an increase of more than 70% in the first quarter
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- 16 May 2023
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The Asunción Stock Exchange (BVA) has experienced a highly favorable trading year in 2023, as reported by Fernando Gil, the commercial manager. During the first four months, there was a notable 73% increase compared to the same period in 2022. Moreover, the accumulated growth trend in trading volume reached an impressive 70% in recent months.
Gil mentioned that while there were some slight monthly declines, the overall accumulation still showed an improvement compared to the previous year. In fact, the performance in the four-month period of 2023 surpassed that of 2021. He also emphasized the continuous addition of new market participants, including the registration of new companies and investment funds.
Regarding the volume of trades, Gil explained that the market reached USD 2 million, a significant increase from the previous year's USD 1.1 million. The accumulated trading volume amounted to USD 9.1 million, while the total by April of the previous year reached USD 5.4 million.
"It's worth noting that existing companies in the market maintained their presence in the financing instrument," he added. The registration of 18 new issuers suggests that companies are increasingly considering the capital market as an alternative in the coming months. With the incorporation of 10 new companies to date, it is essential to ensure that this transition occurs with adequate predictability.
Lastly, Gil mentioned that the current controlled inflation allows decision-makers to assess a gradual decrease in the monetary policy rate. The impact on purchasing power will be closely monitored. "This is indicative of the market's growth and maturation. Companies are now more confident and have a clearer understanding when structuring their bonds or financing systems," he cautioned.
