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Bevsa’s total operations reached a historic record in the first half of the year

Bevsa’s total operations reached a historic record in the first half of the year
Bevsa’s total operations reached a historic record in the first half of the year

Transactions totaled US$42,332 in the first six months of the year, 13.2% higher than the same period last year.

Bevsa broke a new record.

Photo: Freepik

The total operation in the Electronic Stock Exchange of Uruguay (Bevsa) was a historic record in the first half of the year, totaling 42.332 billion dollars, an amount that is 13.2% above the same period of the previous year.

The increase compared to the previous year is explained by the 17.3% growth of Stock market and 8.7% in the money market. However, in the exchange market There was a contraction of 0.6%. In total, some 37.392 billion dollars were transacted during the first six months of 2023.

The first half of the year saw a record number of transactions for this period in more than 30 years, surpassing the previous peak recorded in 2013, when 42.189 billion dollars were traded.

One of the factors that explain the record is due to what was operated in Certificates of Deposits (CD) in dollars in the primary market, as well as the operations of Monetary Regulation Letters (LRM) in the secondary market and financial trust tenders in the semester.

In these first two cases, there were historical maximums in operations for any semester, while for financial trusts the maximum is for the first semesters.

The operation of CDs in dollars reached 9.275M

US dollar CD trading reached $9.2754 billion, above the maximum half-year margin of the second half of 2018, which was $7.459 billion. These record transactions represented 34.6% of the entire stock market for the first half of 2024.

In national currency bills, there were 6,916.4 million dollars of accumulated operations in the first half of 2024, thus surpassing the previous maximum reached in the second half of 2017, of 6,563.4 million dollars.

Source: Ambito

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