The Paraguayan stock market once again recorded a decline in trading volume during May, but is already showing more encouraging signs in the primary market and equities performance.
This is according to a report from Cadiem Casa de Bolsa, which also highlights that bond issuances approached 1 trillion guaraníes, the highest amount recorded in the year-to-date cumulative total.
The total trading volume on the Asunción Stock Exchange (BVA) reached G. 22.2 trillion (approximately US$3.572 billion at the current exchange rate) through May, but represented a 3% reduction compared to the same period in 2025.
In May alone, stock market transactions totaled G. 4.5 trillion, approximately US$754 million, surpassing the G. 4.3 trillion recorded in April and the G. 4 trillion from March. The highest volumes of the year remain the G. 4.6 trillion registered in January and February 2026.
The amount reached in the fifth month of the year, in turn, implies a 9.4% drop compared to May of last year and marks the third consecutive month of year-over-year decline in trading volume.
"The close of the first five months of 2026 continued to see a contraction in stock trading volumes, as has been observed for several months, but with signs of improvement driven by new bond issuances from various economic sectors," the Cadiem report highlights.
The document recalls that 2025 had closed with 17% growth in volumes traded on the BVA, but that pace slowed to 3.1% at the close of the first quarter of 2026, while the cumulative total through April already showed a 1% decline.