March 21, 2016 |
Peru’s stock market had nearly 300 companies listed at the start of 2016, but it is betting on just a few to maintain its classification as an emerging market and to start growing again.
The Lima stock exchange, BVL, received word last August that Morgan Stanley Capital International (MSCI) could downgrade the bourse to frontier status from emerging markets, due to low liquidity. The BVL got some breathing room in September, however, when MSCI said it would put off a decision until June this year.
The BVL and the Peruvian government were working on changes before MSCI made its announcement, BVL CEO Francis Stenning says, adding that conditions have already improved and he is confident the st
Peru’s stock exchange is working to boost liquidity and increase its investor appeal as it faces the threat of a downgrade to frontier market status