Índice Bursátil de Capitalización (IBC), also known as the General Index, is the main and most important index of

Caracas Stock Exchange The Caracas Stock Exchange or Bolsa de Valores de Caracas (BVC) is a stock exchange located in Caracas, Venezuela. Established in 1947, BVC merged with a competitor in 1974. Operational and Legal Structure BVC is a private exchange, providing op ...

. It lists the 11 largest companies by capitalization and liquidity of the Venezuelan Stock Market. The index is calculated from 28 August 1997.

History

When the index was launched on 28 August 1997, it comprised 15 companies:

Cantv CANTV () is the state-run telephone and internet service provider in Venezuela. It was one of the first telephone service enterprises in the country, founded in 1930. The largest telecommunications provider in Venezuela, it was privatized in 19 ...

, Fondo de Valores Inmobiliarios,

H.L. Boulton H.L. Boulton ( BVCHLB is a holding company based in Venezuela engaged in the import and export of various goods and equipment. The company operates in two sectors, investing and international trade. The company's Investing sector administers stra ...

Corimon Corimon ( BVCCRM.A is a Venezuelan chemical company founded in 1949 by Hans Neumann, Lotar Neumann, Patrick Pick and Jaroslav Špaček. It is now engaged in the manufacture, distribution and sale of paints, resins, packaging materials and ink. ...

Manpa MANPA ( BVCMPA is the leading Venezuelan pulp and paper company focused primarily on paper manufacturing and conversion for industrial, commercial, domestic, school and office uses. The company's production process is organized into three areas ...

, Mercantil Servicios Financieros,

Electricidad de Caracas Electricidad de Caracas ( BVCEDC is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in ...

, Banco Provincial, Venepal, Mantex, Sudamtex,

Sivensa Sivensa (Caracas Stock Exchange, BVCSVS is the second largest Venezuelan steel producer. Sidor, which was Nationalization, nationalized in 2008, is the largest. However, Sivensa, founded in 1948, has been Venezuela's largest steel producer in the ...

, Vencemos, Mavesa, and

Banco Venezolano de Crédito Venezolano de Crédito (Venezuelan of Credit, in English) ( BVCBVE is a Venezuelan bank based in Caracas, Venezuela Caracas (, ), officially Santiago de León de Caracas, abbreviated as CCS, is the capital and largest city of Venezuela, and ...

. Mavesa is now a subsidiary of

Empresas Polar Empresas Polar is a Venezuelan corporation that started as a brewery, founded in 1941 by Lorenzo Alejandro Mendoza Fleury, Juan Simon Mendoza, Rafael Lujan and Karl Eggers in Antímano "La Planta de Antimano", Caracas. It is the largest and best ...

. The Uruguayan-owned textile company Sudamtex closed down. Venepal declared bankruptcy in 2004, and was subsequently nationalised, becoming "invepal". Cement company Vencemos, taken over by the Mexican

Cemex CEMEX S.A.B. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Mexico. It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. ...

in 1994, was nationalised in 2008, becoming Cementos Venezuela. Effects of high inflation in Venezuela have caused the index to be adjusted four times since 2014: *Index divided by 1000 on 2 January 2014 *Index divided by 1000 on 9 October 2017 *Index divided by 1000 on 6 November 2018 *Index divided by 1000 on 22 March 2021

Annual Returns

The following table shows the annual development of the General Index since 2001.

Current composition

References

External links

Bloomberg page for IBVC:IND
{{DEFAULTSORT:Indice Bursatil De Capitalizacion Venezuelan stock market indices