Santiago Stock Exchange

Last updated
Santiago Stock Exchange
Bolsa de Comercio de Santiago
Santiago Stock Exchange logo.svg
Bolsa de Comercio de Santiago.jpg
Type Stock exchange
Location Santiago, Chile,
FoundedNovember 27, 1893
Owner MILA
Key peopleJosé Antonio Martínez Zuggarramurdi (CEO)
Pablo Yrarrázaval Valdés (Chairman)
No. of listings268
Market cap US$ 269 billion [1] (08/2013)
Indices IPSA
Website bolsadesantiago.com

The Santiago Stock Exchange (SSE) (Spanish : Bolsa de Comercio de Santiago), founded on November 27, 1893, is Chile's dominant stock exchange, and the third largest stock exchange in Latin America, behind Brazil's BM&F Bovespa, and the Bolsa Mexicana de Valores in Mexico. On December 5, 2014, the Santiago Stock Exchange announced it was joining the United Nations Sustainable Stock Exchanges (SSE) initiative, becoming the 17th Partner Exchange of the initiative. [2]

Contents

Operations and indices

The exchange trades in stocks, bonds, investment funds, stock options, futures, gold and silver coins minted by the Banco Central de Chile, and US dollars on Telepregón, its electronic platform. The only floor trading conducted is the share market, concurrent with screen trading. Settlement for shares is T+2. The stock exchange works every day of the week, except weekends and financial holidays. The Board of Directors determines the schedule, and it generally is from 09:30 am to 04:00 pm in winter and 05:00 in summer.

Indices

Three Stock enhanced stock market indices are published.

The General Stock Price Index (Indice General de Precios de Acciones, or IGPA) is a market capitalization-weighted index that measures price variations of the majority of the exchange's listed stocks, classified by sectors according to its activity and revised annually. The index was developed with a base level of 100 as of December 30, 1980.

The Selective Stock Price Index (Indice de Precios Selectivo de Acciones, or IPSA) is composed of the 40 most heavily traded stocks and revised quarterly.

The Inter-10 Index is a volume weighted index of the 10 main Chilean stocks listed in foreign markets through ADRs; its stocks are selected from the IPSA and is revised quarterly. Futures are traded on the IPSA and the U.S. dollar.

Building

Like the Club de la Unión, the Edificio Ariztía and the Edificio Ex Hotel Mundial, the building housing the stock exchange was built on land originally owned by the Augustinian nuns. The Iglesia de las Agustinas attests their former presence. The building was completed in 1917. [3]

See also

Related Research Articles

<span class="mw-page-title-main">S&P 500</span> American stock market index

The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies.

<span class="mw-page-title-main">Mexican Stock Exchange</span> Mexican stock exchange

The Mexican Stock Exchange, commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after São Paulo based B3 in Brasil. It is also the fifth largest stock exchange in the Americas. The exchange platform is owned by BMV Group, which also owns the derivative exchange MexDer and the custody agency Indeval.

<span class="mw-page-title-main">KOSPI</span> Korean stock market index

The Korea Composite Stock Price Index or KOSPI (Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, like the S&P 500 in the United States.

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF, another subsidiary of BME.

The Índice de Precios y Cotizaciones (IPC) is the weighted measurement index of 35 stocks traded on the Bolsa Mexicana de Valores. The recomposition of the index has its methodology originating and exposing on the BMV, and may change every quarter.

The Bovespa Index, best known as Ibovespa is the benchmark index of about 86 stocks traded on the B3, accounting for the majority of trading and market capitalization in the Brazilian stock market. It is a weighted measurement index.

The SSE Composite Index also known as SSE Index is a stock market index of all stocks that are traded at the Shanghai Stock Exchange.

<span class="mw-page-title-main">B3 (stock exchange)</span> Brazilian stock exchange and OTC market

B3 S.A.– Brasil, Bolsa, Balcão, formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country.

<span class="mw-page-title-main">Bucharest Stock Exchange</span> Stock exchange in Romania

The Bucharest Stock Exchange is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion. As of 2023, there were 85 companies listed on the BVB.

<span class="mw-page-title-main">Bolsa de Madrid</span>

Bolsa de Madrid is the largest and most international of Spain's four regional stock exchanges that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. Bolsa de Madrid is owned by Bolsas y Mercados Españoles.

The Madrid Stock Exchange General Index (IGBM) is a capitalization-weighted stock market index that measures the performance of a selected number of continuous market stocks. It is the principal index for the Bolsa de Madrid and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy and market service sectors. The index was developed with a base value of 100 as of December 31, 1985.

The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% of Australia's share market capitalization.

A capitalization-weightedindex, also called a market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's price changes and thereby changes a stock index's value. The impact that individual stock's price change has on the index is proportional to the company's overall market value, in a capitalization-weighted index. In other types of indices, different ratios are used.

<span class="mw-page-title-main">Lima Stock Exchange</span>

The Lima Stock Exchange is the stock exchange of Peru, located in the capital Lima. It has several indices. The S&P/BVL Peru General Index is a value-weighted index that tracks the performance of the largest and most frequently traded stocks on the Lima Exchange.

The SET50 and SET100 Indices are the primary stock indices of Thailand. The constituents of both lists are companies listed on the Stock Exchange of Thailand (SET) in Bangkok.

<span class="mw-page-title-main">Índice de Precio Selectivo de Acciones</span> Chilean stock market index

The Indice de Precio Selectivo de Acciones is a Chilean stock market index composed of the 30 stocks with the highest average annual trading volume in the Santiago Stock Exchange. On the last trading day of the year, the index is re-based back to 1000. The index has been calculated since 1977 and is revised on a quarterly basis.

<span class="mw-page-title-main">Stock market index</span> Financial metric which investors use to determine market performance

In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calculate market performance.

The SZSE Component Index is an index of 500 stocks that are traded at the Shenzhen Stock Exchange (SZSE). It is the main stock market index of SZSE.

The S&P/BVL Peru General Index (SPBLPGPT),, is the main index of the Lima Stock Exchange. It is designed to serve as a broad benchmark for the Peruvian stock market, tracking the performance of the largest and most frequently traded stocks on the Lima Exchange.

References

  1. Boletín estadisticas Agosto, Bolsa de Comercio (page 7)
  2. "Bolsa de Comercio de Santiago inks commitment to UN Sustainable Stock Exchanges initiative". www.sseinitiative.org/. SSE initiative. Retrieved 17 January 2015.
  3. "Edificio de la Bolsa de Comercio de Santiago". Consejo de Monumentos Nacionales . Retrieved 17 February 2021.