Caracas Stock Exchange


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Caracas Stock Exchange

Originally established in 1947 and merged with a competitor in 1974 to become the only securities exchange of Venezuela.

Caracas Stock Exchange

The only securities exchange in Venezuela. Completely electronic since 1992, it trades in both equity and debt instruments. The Caracas Stock Exchange has experienced significant declines since the 1990s, at one time only functioning by trading in Venezuelan government debt. Much trade that would otherwise happen on the Caracas Stock Exchange occurs through American Depository Receipt transactions, which occur on American exchanges, rather than the Caracas Stock Exchange. It is abbreviated BVC after its Spanish name, Bolsa de Valores de Caracas.
References in periodicals archive ?
The DFM General Index, the second best performing index in 2013 after Venezuela's Caracas Stock Exchange, recorded a string growth rate of 107.7 per cent and the daily average of trading value significantly increased by 231.8 per cent to Dh642.1 million compared to Dh193.5 million in 2012.
The Finance and marketing section contains four articles on controversial topics; it begins with the Modigliani and Miller Corporate valuation models (including an analysis of Miller's personal tax from the MM tax model), continuing with research into the foreign exchange controls developed in Venezuela in 2003, with the subsequent rise in the Caracas stock exchange; it then goes on to look at problems stemming from the generation of markets or quasimarkets in the field of higher education, and the impact of these circumstances on organizational analyses of these companies, to finally conclude with a study of the intentions and behaviors of nursing mothers by means of a social marketing approach.
The Venezuelan State was among the other important shareholders with 6.6% of the total shares (Class B); employees, retired workers and employee retirement funds with 6.7% (Class C), while the remaining 58.2% were in the hands of the public through the Caracas Stock Exchange and ADRs in the NYSE.
3) In 2005, the Caracas Stock Exchange (BVC) registered the worst performance of the emerging markets, with a fall in US dollars of 38.6% (Appendix 5).
5) Nevertheless, there were two periods clearly differentiated: from 1997 to 2000 the correlation between the Venezuelan sovereign debt and the Caracas Stock Exchange was 74.59%, while in the period 2001-February 2006, it was only 34.69% (Appendix 6).
7) The Caracas Stock Exchange P/E ratio showed high discounts on being compared not only to the United States (S&P500), but also with the other stock exchanges in Latin America (Appendix 8).
The Caracas Stock Exchange listed very few companies; therefore, it could not be considered representative of the spectrum of the private sector economic activity in Venezuela.
This paper analyzes the behavior of Electricidad de Caracas (EDC) stock prices in the Caracas Stock Exchange following the tender offer announcement made by AES Corporation in mid 2000.
Nevertheless, the Caracas Stock Exchange reacted enthusiastically, with the IBC index ending that week up more than 20%, gains the market has been able to build on.
In 1992, Enron sold a 3% stake in the company on the Caracas Stock Exchange. The reason?
The Caracas stock exchange fell 9.7% by early afternoon on Dec.
The Caracas Stock Exchange's IBVC index, which lists just 15 shares, has surged a whopping 499.72 per cent year to date to become the best performer, followed by Dubai's DFM by 113.19 and Nikkei index by 49.05 per cent.