Expanding the investor base, increasing the number of issuers and increasing liquidity levels are part of the actions that must be addressed to boost the capital market.
That’s what he said Jonathan Malagón González, president of the Association of Banks and Financial Institutions of Colombia (Asobancaria)during his speech at the opening of the 35th Capital Markets Symposium.
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He stressed that over the past year there has been a better dynamic in the Colombian capital market, especially in the variable income segment (buying and selling shares). He mentioned that over that period, market capitalization increased by 15%, while trading volume increased by 38%..
Finance
He said that the level of stock market capitalization as a percentage of GDP stood at 19.5%, a figure much lower than that of other Latin American countries, where it exceeds 28%.
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He stressed that one of the biggest weaknesses of the Colombian stock market is the number of issuers (63), less than countries such as Mexico (136), Peru (195), Chili (297) and Brazil (353).
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