San Salvador, El Salvador – El Salvador's stock market experienced significant growth in 2024, as reported by the Superintendence of the Financial System (SSF). The national exchange concluded the year with a trading volume of $5,429.4 million, representing a 12.7% increase compared to 2023. This surge was driven by a total of 9,391 transactions.
The Bolsa de Valores de El Salvador (BVES) maintained a steady monthly trading average throughout 2024, with December alone recording 557 operations totaling $349.1 million. This sustained momentum underscores the growing confidence of investors in the Salvadoran market.
Key Highlights of 2024:
Primary and Secondary Markets: The primary market, where investors purchase securities directly from issuers, contributed $1,514.2 million to the total trading volume. Closed-end fund shares were among the most popular instruments in this segment. The secondary market, where investors trade securities among themselves, accounted for $323.8 million.
Repo Market: The repo market, which involves short-term loans collateralized by securities, saw a significant increase in activity, with transactions totaling $2,583.7 million. This represented 47.6% of the total trading volume.
International Operations: The market also experienced growth in international transactions, primarily involving local sovereign debt.
Investment Funds: The total assets under management of investment funds reached $1,424.2 million at the end of 2024.
Integrated Market with Panama: The integrated market between El Salvador and Panama continued to expand, with $149.3 million in transactions recorded in 2024 alone.
The strong performance of El Salvador's stock market can be attributed to several factors, including increased investor confidence, economic stability, and the development of new financial instruments. The growth of the repo market, in particular, highlights the increasing liquidity in the Salvadoran financial system.
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