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.
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.
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.
Mercantil is listed on the Caracas Stock Exchange (MVZ.
Cantv's stock is traded in the Caracas Stock exchange and has an ADR program in the NYSE (NYSE: VNT).
In turn, JP Morgan Chase controls 9% (with reduced voting rights), while the rest is widely held in the Caracas Stock Exchange.
Hanrahan, President of AES Americas added, "The structure of our offer will allow CANTV to continue to be the largest traded stock on the Caracas Stock Exchange and will permit Venezuelan investors, CANTV employees and international investors to participate in CANTV's future growth.
MERCANTIL's earnings were primarily affected by a significant increase in provisions for the investment portfolio which were made as a result of the decrease registered in the stocks listed on the Caracas Stock Exchange (a 43.
Morgan Capital purchased a total of 10,612,472 Class B shares at market prices on the Caracas stock exchange.
1% that it purchased through concurrent share offers on the New York and Caracas stock exchanges.