It closed the past with 2,367.7 million dollars between primary and secondary markets, 51.8% less than in March.
He Stock market local recorded a drop in its operations in April with 2,367.7 million dollars operatedobtaining a drop of 46% in the Secondary Market and 54.1% in the Primary, compared to March, which had record operations, reported the Electronic Stock Exchange of Uruguay (BEVSA).
According to BEVSA, the Uruguayan Stock Market had an operation of a 51.8% less than last month where 4,907.2 million dollars were operated. In this sense, compared to the same period last year, it obtained a slight drop of 7.3% since in April 2022 2,555.5 million dollars were traded.
Report Bevsa April.jpg
Electronic Stock Exchange of Uruguay
What refers to Primary Market – which concentrated the 68% of the volume traded – were totaled 1,610.9 million dollars, obtaining a decrease in operations of 54.1% compared to the previous month, registering a minimum since October of last year. For its part, compared to the same period last year, it had a drop of 4.8% with 1,692 million dollars traded in April 2022.
As for the Secondary marketwho contributed a 32% to the total of the operationwith a total of transactions of 756.8 million dollars, obtaining a decrease of 46% compared to last month and a decrease compared to February 2022. In operations, the Montería Regulation Letters (LRM) they had the highest concentration with 659.8 million dollars, participating in the Secondary Market by 87.2%.
What was the behavior of the bonds in pesos and Indexed Units?
Regarding Secondary Market instruments, the bonds in pesos They had $23 million in trades, $7.73 million above the March amount of $15.2 million. What refers to the Bonds in Indexed Units (UI)obtained an increase of 11.37 million dollars in operations, obtaining a total of 57.9 compared to March of this year where 46.6 million dollars were operated.
It should be remembered that the increase in these operations is due to the improvement in the rating of Standard & Poor’s (S&P) where raised the note of the sovereign debt of Uruguay from BBB to BBB+, “with stable outlook”, as reported in a statement where he also highlighted his “sound fiscal policy”. On the other hand, it had to do with the modification of the contractive policy of the Central Bank that lowered the reference interest rate from 11.5 to 11.25 in mid-March.
Source: Ambito
