Índice Bursátil de Capitalización (IBC), also known as the General Index, is the main and most important index of Caracas Stock Exchange. It lists the 11 largest companies by capitalization and liquidity of the Venezuelan Stock Market.
The index is calculated from 28 August 1997.
History
When the index was launched on 28 August 1997, it comprised 15 companies: Cantv, Fondo de Valores Inmobiliarios, H.L. Boulton, Corimon, Manpa, Mercantil Servicios Financieros, Electricidad de Caracas, Banco Provincial, Venepal, Mantex, Sudamtex, Sivensa, Vencemos, Mavesa, and Banco Venezolano de Crédito.
Mavesa is now a subsidiary of Empresas Polar. The Uruguayan-owned textile company Sudamtex closed down. Venepal declared bankruptcy in 2004, and was subsequently nationalised, becoming "invepal". Cement company Vencemos, taken over by the Mexican Cemex in 1994, was nationalised in 2008, becoming Cementos Venezuela.