The Salvadoran stock market has experienced a notable year-on-year growth of 14.6% by November 2024, reflecting strong investor confidence and continued market dynamism. According to the Monthly Securities Bulletin by the Superintendency of the Financial System (SSF), $5.08 billion was traded in 8,739 transactions through the first eleven months of the year. In November alone, 675 transactions accounted for $438.9 million.

The growth was driven by various segments of the market. The primary market, where investors purchase assets directly from issuers, recorded $1.45 billion in trades, with closed fund participation quotas leading the way at $329 million. Meanwhile, the secondary market, where assets are bought and sold among investors, reached $288.9 million.

One of the key highlights was the repurchase market, which surged by 46.3% to $2.43 billion, contributing 47.8% of the total traded volume. The majority of these operations were short-term, with most transactions occurring over 5 to 8 days and yielding an average return of 5.9%.

The integrated stock market between El Salvador and Panama has also shown positive results, with $135.2 million traded this year alone, out of a cumulative total of $592.7 million since 2017. The integration, supported by 12 authorized stockbrokers (six Salvadoran and six Panamanian), has contributed to market liquidity.

Investment funds also performed well, reaching $1.4 billion in assets by November. Open funds accounted for $264.3 million, while closed funds represented $1.14 billion, with the Fondo de Inversión Cerrado de Renta Fija I leading the closed fund category at $643.8 million.

As for brokerage firms, Hencorp S.A. de C.V. dominated trading volumes, handling 44.2% of purchases and 42.3% of sales.

The Salvadoran stock market’s solid growth, along with a thriving integrated market and investment fund dynamics, underscores the country’s growing financial stability and appeal to investors.