General Information News Archives 16/12/06 - Cape Verde Stock Exchange celebrates first
| 16/12/06 - Cape Verde Stock Exchange celebrates first |
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 Activities at the Cape Verde Stock Exchange began exactly one year ago. On this, its first anniversary, the institution’s president, Veríssimo Pinto, affirms that the Stock Exchange has “surpassed our greatest expectation,” particularly at a moment when “no one believed in its viability.” Over the course of its first twelve months of existence, the Cape Verde Stock Exchange earned revenues of 553 million escudos in Public Sale Offers alone.
The swearing in of the Stock Exchange’s current administration took place on July 27, 2005, with the institution’s installation taking place over the course of the next five months. Stock Exchange activities began on December 15 of last year. Looking back over the first year of activities, which was particularly marked by the demand for Cape Verdean Tobacco Corporation shares, Pinto affirms that the Cape Verde Stock Exchange is today “a credible institution.” “The market does exist in Cape Verde. We created the conditions for the participation of Cape Verdean citizens, particularly workers, émigrés and small shareholders, in owning stock in privatized companies,” he states, adding that “in Public Sale Offers alone, there were 553,200,210 escudos in transactions.” The Cape Verde Stock Exchange’s total capitalization is 6,273,254,503 escudos, and, although there have been days without a single transaction, as much as 12 million escudos have been exchanged in a single day there. Pinto highlighted the courses offered by the institution, attended by some 3,000 people, as well as the Stock Exchange’s positive outlook for 2007. Meanwhile, a Public Sale Offer is about to begin with the State’s remaining share in fuel company Enacol - the sale of the 2,085 shares should earn the State approximately one billion escudos.
Source a semana |