The Paraguayan stock market maintains a positive dynamic and expects to close 2026 with a new historic record in operations, after registering a volume of US$ 8.123 billion in 2025, a 17% increase from the previous year. In the first half of 2026, the volume stood at US$ 4.407 billion, a level similar to the same period last year.
Pablo Cheng Lu, president of the Asunción Stock Exchange (BVA), expressed optimism, highlighting that despite a slowdown in the semester due to exchange rate volatility, the month of June closed in line with expectations, with growth in primary issuances. He hopes the institution can repeat or even surpass the 2025 numbers.
One of the most significant expectations for the second half of the year is the return of Bonos del Tesoro (Treasury bonds/public debt securities) issuance through the exchange. Cheng Lu stated that the BVA is working together with the Ministry of Economy and Finance (MEF) so that sovereign bonds are once again issued on the exchange's primary market, possibly starting with the auction scheduled for July 29th.
Fernando Gil, general manager of the BVA, recalled that the last MEF issuance through the exchange occurred in December 2023. Since then, the ministry has chosen to conduct issuances through the system of the Central Bank of Paraguay (BCP), a change that surprised market players at the time and primarily benefited banks.
Despite the absence of the State as an issuer over the last two years, the Paraguayan stock market has continued to grow, with a significant increase in the number of investors. The number jumped from 11,000 in 2021 to nearly 70,000 in July 2026, which, according to the BVA's management, demonstrates the consolidation and dynamism of the local market.