El Salvador's stock market demonstrated robust performance in 2025, closing the year with significant interannual growth. This dynamism signals increasing investor confidence and the market's growing role in channeling investment and managing liquidity within the national economy.
Stellar Growth and Key Catalysts
In 2025, the Salvadoran stock market achieved an impressive 11.1% interannual growth, with the total negotiated amount reaching USD 6,031.6 million across 7,992 transactions. This represents a substantial increase from the USD 5,429.4 million recorded in 2024, reflecting enhanced investor participation and a more intensive utilization of capital markets. The repo market emerged as the primary driver, facilitating USD 2,832.7 million in short-term financing operations, accounting for 47% of the total. Predominantly, these transactions were short-term, ranging from one to four days, and maintained a stable average weighted yield of 4.34%. Individuals concentrated 61.3% of the liquidity demand, while open investment funds supplied 57.7% of the resources.
Diverse Market Segments Fueling Activity
Beyond repos, various market segments contributed to the overall positive trend. The primary market, crucial for new debt and equity issuances, channeled USD 1,005 million, continuing its vital role in funding investment projects despite a slight decrease from the previous year. The secondary market provided liquidity with USD 249.3 million in transactions, allowing investors to adjust portfolios. Furthermore, international operations showcased significant activity, with USD 1,668.3 million in foreign instrument trades and local/external sovereign debt, indicating greater integration with global financial flows. The equity market also saw growth, negotiating USD 276.4 million, largely driven by foreign instruments, pointing towards a diversification of investment options.
Strengthening Investment Funds and Regional Ties
The growth extended to investment funds, which collectively saw their total assets reach USD 1,893.6 million by year-end 2025, an increase of USD 157.2 million from 2024. These funds, comprising both open and closed categories, are solidifying their position as important vehicles for medium and long-term investments, particularly in sectors like real estate, fixed income, and venture capital. Concurrently, the stock market integration with Panama continued its positive trajectory, recording 867 operations totaling USD 272.9 million in 2025, surpassing the previous year's figures. This ongoing collaboration, involving twelve authorized brokerage firms, highlights El Salvador's deepening financial ties within the region and reinforces the market's expanding depth and dynamism.
