Stock market reported growth in its assets and volumes traded compared to 2020
As of November 2021, mutual funds saw a 23.4% increase in the number of investors. The figure went from 129,881 in November 2020 to 160,363 in the same month this year.
Despite the effects of the pandemic, the number of investors also grew by 6,787 from 2019 to 2020. The data was presented by the securities superintendent, María Lucía Fernández, during a press conference held this Tuesday, December 14.
The superintendent explained that the most important growth is in money market funds and financial growth funds, which allow more diversified investment portfolios in the long term.
“(There are investors) in search of an improvement in the profitability of their investments (…), another condition that we also see is that the effect of low interest rates has also made investors generally look for new alternatives of investment ”, commented Fernández.
Number of investors
Evolution of the number of investors as of November of each year.
Dynamic market
The superintendent presented on Tuesday some results of the Costa Rican stock market as of November 2021, which she assured that it has shown “an important resilience” in the face of the impacts of the pandemic. “There was a dynamic market with a growing trend for the assets of the system,” added Fernández.
The volume traded on the National Stock Exchange (BNV) reached 55.8% of GDP; Around ¢ 21.6 trillion were traded, that is, ¢ 0.6 trillion more than in 2020. Despite this, it still does not reach the prepandemic volume, which stood at ¢ 32.8 trillion for 2019.
Market results
Market volume, net assets of investment funds and balance in custody in relation to GDP.
The purchase and sale operations in the secondary market had a year-on-year growth of 57%, according to the data presented on December 14.
On the other hand, the net assets of investment funds reached ¢ 3.8 trillion: ¢ 2.5 trillion in financial funds and ¢ 1.3 trillion in non-financial funds. The balance in custody, in addition, reached 73.46% of GDP, that is, around ¢ 28.5 trillion. This figure is ¢ 3.1 trillion higher than that of 2020.
Market momentum
As part of the stock market roadmap for 2022, the president of the National Council for the Supervision of the Financial System (Conassif), Alberto Dent, commented that the reforms proposed in the work tables arranged for strengthening will be prioritized. From the market.
Likewise, work will be done on regulatory improvements to boost financing and investment for sustainable development and the public offering of thematic bonds.
As part of the strengthening of the market, said Dent, it will seek to open more investment opportunities for the savings resources that are channeled through the National Pension System.
