News World

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.
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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.
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For the start of the year, Estrella highlights that the big accomplishment in the local market, was the start of delivery [...]

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