Caracas Stock Exchange Soars 50% in a Day Amid Maduro Ouster Hopes
Business
M
Moneycontrol•07-01-2026, 10:35
Caracas Stock Exchange Soars 50% in a Day Amid Maduro Ouster Hopes
- •Venezuela's Caracas Stock Exchange surged nearly 50% on January 6, following US efforts to oust President Nicolas Maduro.
- •The IBC index rose 74.68% from January 2 to January 6, driven by investor optimism for sanctions relief and economic revival.
- •Despite the rally, the Bolsa de Valores de Caracas (BVC) has low liquidity and is largely owned by local institutions, not diverse public float.
- •Experts like Elliot Dornbusch warn that meaningful opportunities require democracy and rule of law, not just Maduro's removal.
- •Venezuelan sovereign and PDVSA bonds also rallied, and Trump announced a deal for Venezuela to relinquish 50 million barrels of oil to the US.
Why It Matters: Caracas Stock Exchange surged on political shifts and sanctions relief hopes, but experts remain cautious.
✦
More like this
Loading more articles...
