What is the Índice Bursátil de Capitalización?

More commonly known as the General Index or the IBC, the Índice Bursátil de Capitalización is the most prominent and widely known stock index of the Caracas Stock Exchange (or Bolsa de Valores de Caracas), which is based in Caracas, Venezuala.

Where have you heard about the Índice Bursátil de Capitalización?

If you’re familiar with the South American market, and with companies operating in Venezuala in particular, you’ll likely be familiar with the Índice Bursátil de Capitalización. As it is the Caracas Stock Exchange’s most important index, it is natural that it lists the most successful and largest companies in Venezuala.

What you need to know about the Índice Bursátil de Capitalización.

The index was launched on 28th August 1997, and it currently lists the 11 largest companies on the Venezuelan stock market. The companies shown on the index are chosen based on their capitalization and liquidity. When the Índice Bursátil de Capitalización first launched, it originally featured 15 Venezualan companies, including the financial services company Mercantil Servicios Financieros, telephone service enterprise CANTV, energy company Electricidad de Caracas, and Sivensa, Venezuala’s second-largest steel producer. However, since then four companies – Mavesa, Sudamtex, Venepal and Vencemos – have been removed due to reasons including closure, bankruptcy and nationalisation.