18.01.2007
Caracas stock market remains volatile
Venezuela's stock exchange slump has taken a break. On Tuesday the prices at the Caracas exchange were still dropping by around 12 percent. Yesterday the market seemed to recover with prices rising by over 7 percent. However, the market is still at its 8 weeks low. The main index of the exchange, the Bolsa de Valores de Caracas remains at 44850 points. Since Venezuela's president Hugo Chavez has announced plans to nationalize larger parts of the country's telecom, utility and energy suppliers, the index has been loosing three thirds of its former value.
Source: Tages-Anzeiger
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