Living in Peru : your everyday companion

(LIP-ir) -- CONASEV, Peru's securities regulatory agency reported today that with accumulated returns of 48.9 percent this year, Lima’s Stock Market (BVL) is ranked third in profitability worldwide, following markets in Shangai and Sao Paulo, which reported profits of 98 and 67 percent.

Peru came out in front of cities and countries such as Santiago (20.2%), Buenos Aires (15.7%), Mexico (13.3%) as well as the Ftseurofirst Index 300 of the European market (12%) and the NASDAQ index of US stock (9.13%).

The president of CONASEV, Nahil Hirsh, stated that the negotiated amount in BVL was 36.28 billion soles so far, superior to last year's 20.62 billion.

She also explained that CONASEVs Primary Public Offers (OPP) reached $4.31 billion at the end of the year, a 41 percent increase when compared to 2006.

Title deeds (until December 14) reached $1.56 billion, 62 percent of which were in soles.

Hirsh also pointed out that mutual fund assets had increased by 69.9 percent, while the number of stockholders rose by 68.2 percent.

News source: ANDINA