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Caracas Stocks More Than Double After Maduro’s Capture

Investor enthusiasm centers on oil, infrastructure, banking, with outcomes tied to sanction relief plus policy clarity.

Overview

  • Venezuela’s IBC index has climbed from roughly 2,000 to nearly 3,900 in early 2026, more than doubling year to date, according to Trading Economics data.
  • The rally accelerated after the January 3 capture of Nicolás Maduro by US authorities, with the benchmark spiking about 50% over two trading days.
  • Analysts report rising interest in Venezuelan bonds and equities, especially companies linked to oil production, infrastructure projects, and financial services.
  • Market observers say a potential post-Maduro opening could attract international energy firms, though such moves depend on legal, regulatory, and sanction changes.
  • Veteran investors caution that Venezuela’s market has a history of sharp swings, underscoring uncertainty over how durable the latest surge will be.