Santo Domingo.- Dominican Republic’s securities market moves more than US$400.0 million in issues and debt per year, Securities Superintendent Guarocuya Felix affirmed Wednesday.
He said a bourse has always existed in the Dominican Republic, but wasn’t acknowledged until 2000, through Law No. 19-00 passed that year.
The official said 97% of the debt traded in the bourse belongs to the public sector while those of the companies is more difficult to accept on the levels of risk which may exist, and in his view, to achieve that, the market should become extremely attractive.
Felix, speaking on "The Stock market, its potential to generate tourism development" hosted by the Santo Domingo Tourism Cluster, said tourism businesses, industries, financial and real estate companies have achieved success in the Dominican securities market.
He suggested that those wishing to venture into the securities market should diversify their investment to get the most out of it.
"This means that business owners should never put their eggs in one basket, that’s advice I give, diversify your investments and achieve more successes than before."