Market Summary from May 20 to 24, 2024

On the Caracas Stock Exchange, between May 20 and 24, 2024, a total of 13 million 431 thousand 515 bolivars were traded.

In variable income, 798 purchase/sale operations of shares of companies registered on the listing board were carried out, in which 14 million 096 thousand 176 shares were traded, for a total of 5 million 526 thousand 479 bolivars.

In the forward market, deals were completed for an amount of 2 million 144 thousand 732 bolivars, as a result of the transaction of 8 million 550 thousand 749 shares.

In the alternative market, BVC Alternativo, 97 shares were traded this week, for a total effective amount of 2,066 bolivars.

In this period, 91 Stock Financing Certificates were registered in the Other Goods Market, for a total of 30 million 921 thousand 781 bolivars.

In fixed income, instruments were traded for an effective amount of 7 million 905 thousand 035 bolivars in 14 operations.

The main index of the Caracas Stock Exchange, IBC, opened the period at 62,859.55 points and closed it at 65,752.09 points, with a variation of 2,892.54 points (+4.60 %) in 5 days of operations. So far this year, this indicator has registered a variation of 7,919.63 points (+13.69 %).

The most traded stocks

The Top 10 of the most traded securities in the week is made up of the values ​​of Banco Provincial (Bs 3,265,027.80), Banco Nacional de Crédito (Bs 500,584.06), Ron Santa Teresa (Bs 469,285.76), Envases Venezuelans (Bs 185,245.75), Caracas Stock Exchange (Bs 158,037.56), Venealterna Class B (Bs 127,856.98), Banco de Venezuela (Bs 117,943.20), Ron Santa Teresa Class B (Bs 110,845.81), Real Estate Securities Fund Class B (Bs 109,133.94), CANTV Class D (Bs 104,798.25).

It is followed by the shares of Banco del Caribe Class A (Bs 84,429.94), Domínguez & Cía (Bs 67,892.60), Arca, Inmueble y Valores Class B (Bs 38,854.50), Mercantil Servicios Financieros Class B (Bs 26,846, 00), among others.

Securities that rose in price

The securities whose prices increased during the period were Fondo de Valores Inmobiliarios Class A (+33.33 %), Cerámica Carabobo (+19.89 %), Grupo Zuliano (+19.77 %), Corporación Grupo Químico (+ 15.38 %), Caracas Stock Exchange (+14.76 %), Protinal (+12.25 %), Mercantil Servicios Financieros Class B (+11.22 %), Corimon (+10.36 %), Ron Santa Teresa (+10.00 %), Pivca Class B (+5.26 %), Mercantil Servicios Financieros Class A (+3.77 %), Ron Santa Teresa Class B (+3.39 %), Banco de Venezuela (+2.82 %), CANTV Class D (+2.75 %), Venezuelan Containers (+2.22 %), Fábrica Nacional de Cementos (+2.00 %), Banco Provincial (+1.37 %).

Closing session of the week

The main index of the Caracas Stock Exchange, the IBC, ended this Friday at 65,752.09 points with a variation of 944.94 points (+1.46%), compared to the previous session.

The Diario de la Bolsa reports that the Financial Index ended the day at 113,604.02 points, with an absolute variation of 1,321.86 points (+1.18%) and the Industrial Index closed at 36,561.36 points (+2.15 %)

At the end of the session, 10 stocks rose in price, 7 fell and 8 remained stable.

135 operations of purchase/sale of shares of the companies registered on the listing board were carried out, in which 2 million 848 thousand 508 shares were traded for 3 million 218 thousand 931 bolivars.

In the forward market, 285,807 shares were traded for an amount of 983,678 bolivars.

In the BVC Alternativo, 19 shares were traded for 1,424 bolivars.

In the fixed income market, in the primary sector, operations were carried out for a total of 839 thousand 960 bolivars.

In the Other Goods Market, 20 stock financing certificates were registered for 7 million 845 thousand 269 bolivars.

M.Pino

With information and images provided by the Caracas Stock Exchange

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La entrada Caracas Stock Index ended this Friday, May 24, at 65,752.09 points apareció primero en Bitfinance.

Market Summary from 6 to 10 May, 2024

On the Caracas Stock Exchange, between May 6 and 10, 2024, a total of 19 million 348 thousand 509 bolivars were traded.

In variable income, 777 purchase/sale operations of shares of companies registered on the listing board were carried out, in which 7 million 206 thousand 801 shares were traded, for a total of 3 million 562 thousand 390 bolivars.

In the forward market, deals were completed for an amount of 2 million 149 thousand 089 bolivars, as a result of the transaction of 5 million 774 thousand 003 shares.

In the alternative market, BVC Alternativo, 30 shares were traded this week, for a total effective amount of 2,300 bolivars.

In this period, 131 Stock Financing Certificates were registered in the Other Goods Market, for a total of 49 million 218 thousand 569 bolivars.

In fixed income instruments were traded for an effective amount of 15 million 786 thousand 118 bolivars in 25 operations.

The main index of the Caracas Stock Exchange, IBC, opened the period at 64,629.60 points and closed it at 63,262.05 points, with a variation of 1,367.55 points (-2.12 %) in 5 days of operations. So far this year, this indicator has registered a variation of 5,429.59 points (+9.39 %).

The most traded stocks

The Top 10 of the most traded securities in the week are made up of the values ​​of Manpa (Bs 666,127.60), Caracas Stock Exchange (Bs 481,193.84), Banco Provincial (Bs 464,639.14), Pivca Class B ( Bs 216,10.00), Banco Nacional de Crédito (Bs 208,318.10), Envases Venezuelanos (Bs 191,462.27), Arca, Inmueble y Valores Clase B (Bs 184,792.50), Mercantil Servicios Financieros Class B (Bs 142,175.55), Ron Santa Teresa Class B (Bs 107,951.85), Fondo de Valores Inmobiliarios Clase B (Bs 97,463.95).

It is followed by the shares of Ron Santa Teresa (Bs 83,643.49), Banco del Caribe Class A (Bs 81,465.37), Domínguez & Cía (Bs 58,170.36), among others.

Securities that rose in price

The securities whose prices increased during the period were Fondo de Valores Inmobiliarios Class A (+34.09 %), PC-IBC (+14.29 %), Corimon (+11.53 %), Telares de Palo Grande (+11.50 %), Mercantil Servicios Financieros Class B (+10.42 %), Banco del Caribe Class A (+10.20 %), Arca, Inmuebles y Valores Clase B (+7.14 %), CANTV Class D (+5.55 %), Mercantil Servicios Financieros Class A (+4.02 %), Manpa (+4.00%), Pivca Class B (+2.96 %), Banco de Venezuela (+2.18 %), Arca, Inmuebles y Valores Clase B (+0.52 %).

Closing session of the week

The main index of the Caracas Stock Exchange, the IBC, ended this Friday at 63,262.05 points with a variation of 688.02 points (-1.08%), compared to the previous session.

The Diario de la Bolsa reports that the Financial Index ended the day at 113,063.25 points, with an absolute variation of 1,893.79 points (-1.65%) and the Industrial Index closed at 32,193.09 points (+0.56 %)

At the end of the session, 5 stocks rose in price, 10 fell and 6 remained stable.

There were 134 purchase/sale operations of shares of companies registered on the listing board, in which 811,205 shares were traded for 929,566 bolivars.

In the forward market, 569,060 shares were traded for an amount of 666,379 bolivars.

In the fixed income market, in the primary sector, operations were carried out for a total of 6 million 486 thousand 675 bolivars.

In the Other Goods Market, 9 stock financing certificates were registered for 3 million 931 thousand 342 bolivars.

M.Pino

With information and images of the Caracas Stock Exchange

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Market Summary from April 22 to 26, 2024

On the Caracas Stock Exchange, between April 22 and 26, 2024, a total of 78 million 082 thousand 574 bolivars were traded.

In variable income, 948 purchase/sale operations of shares of companies registered on the listing board were carried out, in which 335 million 647 thousand 478 shares were traded, for a total of 38 million 766 thousand 360 bolivars.

In the forward market, deals were completed for an amount of 36 million 840 thousand 038 bolivars, as a result of the transaction of 331 million 224 thousand 089 shares.

In the alternative market, BVC Alternativo, 4,922 shares were traded this week, for a total effective amount of 97,408 bolivars.

In this period, 112 Stock Financing Certificates were registered in the Other Goods Market, for a total of 23 million 464 thousand 945 bolivars.

In fixed income instruments were traded for an effective amount of 15 million 851 thousand 267 bolivars in 58 operations.

The main index of the Caracas Stock Exchange, IBC, opened the period at 64,513.20 points and closed it at 62,436.86 points, with a variation of 2,076.34 points (-3.22%) in 5 days of operations. So far this year, this indicator has registered a variation of 4,604.40 points (+7.96%).

The most traded stocks

The Top 10 of the most traded securities in the week is made up of the values ​​of Ron Santa Teresa (Bs 18,488,760.58), Banco Nacional de Crédito (Bs 12,639,573.60), Caracas Stock Exchange (Bs 2,274 .923.87), Banco Provincial (Bs 1,495,331.97), Fondo de Valores Inmobiliarios Clase B (Bs 1,272,655.01), Banco de Venezuela (Bs 497,982.58), Mercantil Servicios Financieros Class A (Bs 396,346 .25), Arca, Real Estate and Securities Class B (Bs 391,799.60), CANTV Class D (Bs 349,985.74), Sivensa (Bs 311,604.76).

It is followed by the shares of Envases Venezolanos (Bs 119,580.36), Montesco Class B (Bs 93,653.85), Ron Santa Teresa Class B (Bs 92,085.89), among others.

Securities that rose in price

The securities whose prices increased during the period were PC-IBC (+19.80 %), Corporación Grupo Químico (+19.68 %), Inmuebles, Valores & Capitales  (+18.43 %), CANTV Class D (+11.74%), Palo Grande Looms (+11.70 %), Venezuelan Packaging (+9.44 %), Corimon (+8.70%), Sivensa (+3.70 %), Manpa (+ 2.62 %), Banco Nacional de Crédito (+2.50 %), Inmuebles, Valores & Capitales  (+1.84 %), Mercantil Servicios Financieros Class B (+0.74 %).

Closing session of the week

The main index of the Caracas Stock Exchange, the IBC, ended this Friday at 62,436.86 points with a variation of 468.53 points (-0.74 %), compared to the previous session.

The Diario de la Bolsa reports that the Financial Index ended the day at 112,409.42 points, with an absolute variation of 902.62 points (-0.80%) and the Industrial Index closed at 31,120.84 points (-0.60 %)

At the end of the session, 10 stocks rose in price, 13 fell and 8 remained stable.

There were 232 purchase/sale operations of shares of companies registered on the listing board, in which 3 million 945 thousand 167 shares were traded for 11 million 419 thousand 412 bolivars.

In the forward market, 1 million 401 thousand 809 shares were traded for an amount of 10 million 908 thousand 532 bolivars.

In the BVC Alternativo, 4,922 shares were traded for 97,408 bolivars.

In the fixed income market, in the primary sector, operations were carried out for a total of 2 million 688 thousand 534 bolivars.

In the Other Goods Market, 42 stock financing certificates were registered for 9 million 545 thousand 747 bolivars.

M.Pino

With information and images supplied by the Caracas Stock Exchange

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La entrada Caracas Stock Index closed at 62,436.86 points this Friday, April 26 apareció primero en Bitfinance.

Market summary from April 15 to 18, 2024

On the Caracas Stock Exchange, between April 15 and 18, 2024, a total of 26 million 850 thousand 813 bolivars were traded.

In variable income, 813 purchase/sale operations of shares of companies registered on the listing board were carried out, in which 7 million 170 thousand 690 shares were traded, for a total of 5 million 250 thousand 031 bolivars.

In the forward market, deals were completed for an amount of 3 million 544 thousand 895 bolivars, as a result of the transaction of 5 million 532 thousand 202 shares.

In the alternative market, BVC Alternativo, 37 shares were traded this week, for a total effective amount of 2,318 bolivars.

In this period, 67 Stock Financing Certificates were registered in the Other Goods Market, for a total of 15 million 231 thousand 097 bolivars.

In fixed income, instruments were traded for an effective amount of 6 million 369 thousand 683 bolivars in 7 operations.

The main index of the Caracas Stock Exchange, IBC, opened the period at 61,239.20 points and closed it at 64,513.20 points, with a variation of 3,274.00 points (+5.35 %) in 4 days of operations. So far this year, this indicator has registered a variation of 6,680.74 points (+11.55 %).

The most traded stocks

The Top 10 of the most traded securities in the week are made up of the securities of Banco Provincial (Bs 2,822,258.63), Mercantil Servicios Financieros Class A (Bs 622,057.63), Banco Nacional de Crédito (Bs 290,616.86) , Real Estate Securities Fund Class B (Bs 240,305.91), CANTV Class D (Bs 204,281.10), Caracas Stock Exchange (Bs 175,420.90), Ron Santa Teresa (Bs 174,750.60), Mercantil Servicios Financieros Class B (Bs 134,564.91), Banco de Venezuela (Bs 133,179.28), Ron Santa Teresa Class B (Bs 114,868.68).

It is followed by the shares of Pivca Class B (Bs 76,350.01), Grupo Zuliano (Bs 74,045.00), Envases Venezolanos (Bs 66,794.05), among others.

Securities that rose in price

The securities whose prices increased during the period were Ron Santa Teresa (+21.95 %), Banco Provincial (+21.85 %), Arca, Real Estate and Class B Securities (+16.67 %), Protinal (+ 12.94 %), Proagro (+8.87 %), Inversiones Crecepymes Class B (+6.67 %), Caracas Stock Exchange (+6.25 %), Ron Santa Teresa Class B (+5.53 %), Real Estate Securities Fund Class B (+5.00 %), Pivca Class B (+3.79 %), Envases Venezolanos (+1.52 %), Mercantil Servicios Financieros Class B (+1.28 %) , Zuliano Group (+0.17 %).

Closing session of the week

The main index of the Caracas Stock Exchange, the IBC, ended this Thursday at 64,513.20 points with a variation of 1,503.05 points (-2.28%), compared to the previous session.

The Diario de la Bolsa reports that the Financial Index ended the day at 117,735.41 points, with an absolute variation of 3,284.08 points (-2.71%) and the Industrial Index closed at 30,901.51 points (-0.94). %)

At the end of the session, 6 stocks rose in price, 9 fell and 8 remained stable.

217 purchase/sale operations of shares of companies registered on the listing board were carried out, in which 2 million 080 thousand 414 shares were traded for 2 million 653 thousand 552 bolivars.

In the forward market, 1 million 245 thousand 860 shares were traded for an amount of 2 million 221 thousand 919 bolivars.

In the fixed income market, in the primary sector, operations were carried out for a total of 5 million 081 thousand 368 bolivars.

In the Other Goods Market, 31 stock financing certificates were registered for 2 million 729 thousand 095 bolivars.

M.Pino

With information and images provided by the Caracas Stock Exchange

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La entrada Caracas Stock Index ended this Thursday, April 18, at 64,513.20 points apareció primero en Bitfinance.

In an effort to reinvigorate confidence in its stock market, China took a bold step by announcing a drastic measure. The Asian country has cut the tax on stock transactions in half, marking the first change of its kind since 2008. The reduction, which takes effect on Monday, represents a significant change compared to the previous tax of 0.1 %.

The Ministry of Finance, together with the entity in charge of taxation, issued a joint statement detailing their intentions. “In order to instill dynamism in the capital market and strengthen investor confidence, a reduction in stamp duty on securities transactions is announced, which will take effect on August 28,” they stated.

This measure seeks to attract again investors who had lost faith in Chinese assets, a strategic move by the government amid the economic slowdown affecting the country. Mainland China’s financial sector was eagerly awaiting this news as it has been grappling with the negative impact of various factors such as the real estate debt crisis, low consumer spending and alarming youth unemployment.

The CSI 300 index, which includes the main capitalizations of the Shanghai and Shenzhen stock markets, has experienced a decline of around 4 % in 2023, adding to two consecutive years of declines. This fall has been partly a result of the lack of a significant economic recovery in China after the ravages of the Covid-19 pandemic. With this new fiscal policy, the Chinese government is undoubtedly looking to change this trend and revitalize its stock market in a challenging economic context.

K. Tovar

Source: Bancaynegocios

(Reference image source: Unsplash+)

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In an interview published by Finanzas Digital and with an optimistic message and full of confidence in a progressive economic recovery for Venezuela, Horacio Velutini, director of the National Council for Investment Promotion (Conapri), presented his vision of the Venezuelan financial environment, the challenges of the institution he represents and his vision for the coming year.

A long career in the real estate business, finance and the capital market, have also allowed him to preside over the National Chamber of Issuers of Venezuela (Caneval), so his conviction goes hand in hand with good investment strategies.

Management balance

From 2005 to 2018, Conapri, like other institutions in the country, has gone through a transformation process, after a period of vicissitudes in the national economic sphere. “In 2018, they began to interact with the high government in the financial area to propose a vision of support in terms of investments in the country,” he explains.

In Velutini’s opinion, a country needs to have a robust and dynamic stock market, and when comparing the Venezuelan market with the Colombian one, he affirms that the former fell to 1 % compared to the neighboring country. “Venezuela’s stock market was bigger than Colombia’s in the 1990s, so our country can grow 10,000 % just to equalize, the potential is immense,” he says.

In this sense, he considers that the public sector should be incorporated into the stock market and celebrates the recent placement of CANTV shares. “I am sure that if the Executive continues with the process of incorporating public companies into the stock market and especially those in the energy area and strategic associations, the stock market would be the most dynamic in Latin America,” he highlights.

Exchange rate control

Regarding the measures that he recommends to manage the current economic situation, Velutini considers it complex to move forward in this matter given the sanctions imposed on the Central Bank of Venezuela, and the impossibility of access to foreign financing to develop its monetary policy.

“The stabilization of the exchange rate is the most important equation at the moment, and despite the few tools that the Executive has, I believe that it has done the best possible and in the past what stands out most about the rentier model was trying to control the exchange rate that has proven to be a historical error”, he explains. The free fluctuation of the exchange rate is key to building confidence.

Most of the businessmen who remain in Venezuela seek capital via loan or capital to meet their growth plans, and according to Velutini, there is the opportunity for banks and national and foreign investors, which is why he believes that important opportunities are opening up. “2022 closes a little better than 2021 and much better than 2018, some have wanted to compare it with 2012, but the correct thing is to establish a comparison with the last three years and project for 2023-24”, he specifies.

Given this assessment, the businessman assures that in 2023 many investments will come to the country, in addition to considering the recent arrival of venture capital. “The most important economic factor that the government must maintain is the free exchange rate and let the market itself adjust prices,” he highlights.

Investment environment

With an eye on the coming year, Velutini points out that the Conapri plans to help generate an investment environment that, in his opinion, to this day seems to be what the National Executive intends to develop under the emblem “post-oil economy”. .

“We have an agenda of aid and proposals that we are planning in the stock market, where we have made some recommendations for a law for the sector, proposed by the National Securities Superintendence (Sunaval), which we hope will be included in next year’s agenda,” he reasons, while highlighting the large number of companies in the national market that support improving the investment environment.

“Conapri’s objective is to help in the investment environment and to do so in an interaction with the financial area of ​​the high government in constant dialogue.” Based on this premise, the lawyer also values ​​2023 as positive in various areas, such as the decision to free the exchange rate in 2019, the opening of commercial relations with Colombia and the granting of the license to Chevron to resume the oil production in the country.

Likewise, he comments that “the phones are ringing off the hook for businessmen, curiosity has awakened in the world. What is happening in Venezuela? I don’t want to be left out, we have an opportunity to attract investment that we must take advantage of.”

Finally, the businessman considers the country as a great investment opportunity, without disregarding the realities of an impoverished country with many needs, but with immense resources. “I think that Venezuela is a great opportunity, first for Venezuelans, then for Latin Americans and then for the world, the energy issue will always be the one that will mark the big capitals, however, what has happened in the country on the issue agro-industrial is something instructive about what it means to take advantage of the situation”, he concludes.

BitFinance.News

Source: Conapri / Taken and with information from Finanzas Digital – Written by Juan Carlos Pérez

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La entrada Horacio Velutini: Conapri seeks to help an investment environment in Venezuela apareció primero en Bitfinance.

The Nasdaq stock exchange recently indicated the launch of its custody service for cryptocurrencies that will benefit institutional clients. This was indicated to the media by the vice president of the organization, Tal Cohen, who added that Ira Auerbach, who comes from Gemini, will be in charge of this division.

The move represents a big step in the cryptocurrency ecosystem. At the moment, it will offer a custody service for Bitcoin and Ethereum. But it is planned to diversify into other digital assets.

The development of the crypto custody solution is in charge of the Nasdaq Digital Assets section. Corporate clients will subsequently have liquidity and execution services. Cohen told Diario Bitcoin: “I can’t think of a better place to bring that trust and brand to the market than Nasdaq.”

Despite the fact that the second stock market in the United States is still awaiting approval by the New York Department of Financial Services (NYSDFS), the expressions of enthusiasm from the ecosystem have not been long in coming.

Auerbach, who is in charge of the new digital asset section, told Bloomberg: “We think this next wave of the revolution will be driven by mass institutional adoption.”

M.Pino

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Source: hispanopost

La entrada Nasdaq launched Bitcoin and Ethereum custody service for institutional clients apareció primero en Bitfinance.

Polestar manufacturer of premium electric cars, of Swedish origin, will debut this Friday on the New York Stock Exchange, considered the world’s stock market, through a partnership with “Gores Guggenheim, a Special Purpose Acquisition Company (SPAC), in one of the most common modalities in recent times to enter the stock market.

The companies estimate to get some 850 million pains in its launch and to date have managed to book “at least a maximum of 25 percent in the preliminary round.”

Thomas Ingenlath, CEO of Polestar, indicated that the automotive company will be listed on the Nasdaq, which is a benchmark market for technology shares and a true “milestone” for the company. “We are excited about the future of Polestar and will continue to build world-class electric cars, expanding into more markets around the world.”

Separately, Alec Gores, Chairman of the Gores Guggenheim Investment Fund, which currently manages some $800 million in assets, added: “We are proud of the momentum Polestar has generated in recent months.”

The brand of the Asian giant

In 2017, the Swedish automobile leader Volvo founded an automotive brand, which was established as a new independent manufacturer, with expansion in the luxury car segment and is part of the Chinese group Geely, one of the great global market dominators.

The car models manufactured by Polestar are made in two of Geely’s factories, the Asian giant, although the company plans to build a plant in the United States.

By 2023, the Polestar company, in its expansion strategy, plans, in addition to building the factory in the United States, to venture into 30 different world markets and although it currently only has two car models; the Polestar 1 and 2. It plans to launch three new models in the next two years.

M. Rodríguez

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Source: finanzas.com

La entrada Polestar debuts on the New York Stock Exchange apareció primero en Bitfinance.

The financial institution Goldman Sachs, together with the financial services firm Galaxy Digital, executed its first Bitcoin options transaction on the stock market. The information was provided by CoinDesK: “The company executed its first OTC cryptocurrency transaction from a bank in the US, produced in collaboration with the trading unit of the crypto investment management firm owned by Michael Novogratz.”

In the crypto world, an OTC trade refers to the process of trading securities through an independent network of brokers. The OTC tool may comprise investment instruments that may or may not be listed on a stock exchange and are held privately. Different investors use them as a means of hedging or to amplify their returns.

Damien Vanderwilt, Co-President and Head of Global Markets at Galaxy Digital, said: “We are pleased to strengthen our relationship with Goldman Sachs and hope that this transaction will open the door for other banks to consider the OTC market as an avenue for cryptocurrency trading.”

From the perspective of Galaxy Digital, OTC operations manifest the adoption and maturation of cryptocurrencies in the financial sector, specifically in the case of Goldman Sachs, it means an expansion of its strategy around this asset class.

Entering the crypto market

The tool known as fututo has been increasing in the world of cryptocurrencies because it allows greater performance and predictability in volatile markets such as the crypto ecosystem.

As will be recalled, Goldman Sachs in the middle of last year also established an alliance with Galaxy Digital to obtain quotes on BTC futures purchase orders through the CME exchange.

Since then, the financial group has been providing liquidity for block transactions in CME Group. By 2021, the bank will also reopen its cryptocurrency trading desk, which had closed in 2018, due to growing demand from multiple institutional clients.

M. Rodríguez

Source: iproup.com

La entrada Goldman Sachs executed a transaction on the stock exchange with Bitcoin apareció primero en Bitfinance.

The shares of the telecommunications company Entel began the day on the Santiago de Chile stock exchange with a rise of 7.09 %, becoming the highest indicator recorded since last February 28. While the controlling holding company Almendral registered an increase of 7.90 % to place the share value at 22 dollars.

With the increase registered by Entel, its shares stood at 2,945 dollars to become the second company with the highest profit and the first place is occupied by the Almendral company in the Chilean stock market.

The increases in the value of the shares of the telecommunications operators occur simultaneously with the search to “dispose of part of its infrastructure assets such as its five data centers for 800 million dollars, while putting its fiber network up for sale. optics estimated at about 500 million dollars”.

Increase of client portfolio of Entel and Almendral

On the other hand, the companies also reported significant growth in the database of their users, increasing by 66 % in the client portfolio, closing by December 2021 with “about 539 thousand services”, coupled with the “wide progress in the implementation of 5G in Chile”.

According to the market specialist José Tomás Riveros, it is excellent news that the company “occupies that capital in the core of its business” because it will provide growth and it will be able to improve the services it offers.

In addition, Riveros explained that all this context that the firm is playing makes it a “very interesting company in terms of growth in the medium and long term.”

It is important to note that during the year, Entel accumulated a positive variation of around 5.97 % and a market capitalization of around 921.454 million dollars. While Almendral had a capitalization of 396.747 million dollars with a variation of 5.36 %.

M. Rodríguez

Source: df.cl

La entrada Entel and Almendral shares rise more than 7 points apareció primero en Bitfinance.