The local capital market provides companies with an additional way of direct financing through the issuance of financial instruments such as stocks and bonds, and indirectly through investment funds and trusts, promoting greater economic activity with its consequent creation of new jobs, said the governor of the Central Bank, Hector Valdez Albizu.<\/p>\n\n\n\n
He stressed that this market “is a focus of attraction for local and foreign investors which increases confidence in the country’s investment environment as well as generating greater capital flows to the economy.”<\/p>\n\n\n\n
He said that the positive evolution of the Dominican stock market constitutes an element of strength for the economy and contributes to the fact that timely and precise measures can be adopted by the Monetary Board and the Central Bank to face any changes that occur in the domestic and international environment.<\/p>\n\n\n\n
For his part, Stock Market Superintendent, Ernesto Bournigal Read, said that the stock market adds to the local economy and is ready to support entrepreneurs, investors, tourism, banks, and the public and private sector.<\/p>\n\n\n\n
He explained that 14 public offerings have been approved, totaling DOP$ 57,155 million in public offerings, equivalent to US$ 1,004 million.<\/p>\n\n\n\n
“At the end of August, the custody of public offering closed with an amount of 2.56 trillion pesos, showing a year-on-year growth of 17%,” he said, noting that, in the first eight months of this year, the settlements have an accumulated volume amounting to DOP$ 5.34 billion for a growth of 38% percent compared to 2022.<\/p>\n\n\n\n
Contributions<\/strong> In addition, private companies have raised almost DOP$ 160,000 million through bonds \u2013 and more recently, the first public offering of shares.<\/p>\n\n\n\n The data was released at the first Dominican capital market fair, “Expo Mercado de Valores 2023”<\/em>, whose opening ceremony was attended by the State Secretary and Presidential administrator, Joel Santos and Jos\u00e9 Ignacio Paliza respectively, and representatives of the financial and business sector.<\/p>\n","protected":false},"excerpt":{"rendered":" The local capital market provides companies with an additional way of direct financing through the issuance of financial instruments such as stocks and bonds, and indirectly through investment funds and trusts, promoting greater economic activity with its consequent creation of…<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-9859","post","type-post","status-publish","format-standard","hentry","category-investment-in-dr"],"acf":[],"yoast_head":"\n
The official hailed the stock market\u2019s contributions to the economy and said that it promotes the \u201cgreening\u201d of the energy matrix, and of the banking system\u2019s credits, through social and sustainable blue and green bonds and projects with an amount of DOP$ 13,565 million placed.<\/p>\n\n\n\n