The shares of Latam Airlines Group, the main airline group in Latin America, were listed by the Colombian Stock Exchange (bvc) in the Colombian Global Market (MGC). This Chilean security is now available for trading as of September 23 with the mnemonic LTMCO.
Read: Colombian Global Market Surpassed One Trillion Pesos in Trading Volume
With a network spanning 144 destinations in 27 countries, Latam is not only a leader in the aeronautical industry, but also a benchmark in sustainability, being the only airline group in the Americas and one of three in the world to be part of the Dow Jones World Sustainability Index, thanks to its outstanding economic, social and environmental practices.
The aeronautical company also re-entered the S&P IPSA as the sixth largest component in the index from March 20, 2023, and was listed again on the New York Stock Exchange (NYSE) in July. this year after successfully completing its restructuring.
Latam
Courtesy
Latam reports a Market Cap of US$7.95 billion, with returns of 24.17% YTD for the shares listed in Chile (Santiago Stock Exchange: LTM), with a traded volume of US$2.255 billion, and 3.72% (YTD as of July) in the US market (NYSE: LTM), with US$696.6 million traded.
With the registration of LATAM, the MGC now has 62 securities available for the investment community. The securities listed by the bvc are available for trading through any Stock Brokerage Firm (SCB) registered in the local equity market.
“With Latam we have reached 25 listed shares in the Colombian Global Market segment and we continue to diversify the sectors available to invest in foreign securities through bvc. We expect to end 2024 with more than 70 securities listed in this market, reaffirming our commitment to
“democratize investment, making participation in the stock market more accessible and attractive for all Colombians,” said Nicolás Sánchez, deputy manager of Variable Income and Derivative Instruments at nuam.
