Friday, September 3, 2010

Latin America: Brazil mining sector supported

Wednesday, February 10, 2010, 22:15
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Tuesday, January 19, the main stock indexes in Latin America, most of them have finished day with positive dynamics.

indicator of equity market of Brazil Bovespa rose to 0,73% to a mark of 69 908.59 points. Brazilian real weakened to 0.3% and finished the day at 1.7701 reais per dollar.

published statistics showed that consumer prices in the country for the month ending Jan. 15 rose by 0.85% against the growth of 0,48% a month earlier. Analysts with the predicted growth rate at 0.75%. The increase in consumer prices increases inflationary expectations and signals the possibility of an early lifting of key interest rates in the country.

Papers of the world”s biggest earner Vale iron ore prices increased by 1.2% after analysts raised their recommendations for Barclays shares to assess “best market” and said enough to state an attractive market for iron ore over the next three to four years, as well as increase in demand from China.

Quotations

world”s largest manufacturer of wood Fibria Celulose jumped 4,5% on the background of the weekly growth indices of the global timber value BHKP and NBSK.

Shares

airline Tam became heavier at 3.4%. The company said that could attract 1.27 billion reais through the sale of shares of its units Multiplus. Papers state oil company Petrobras, however, lost 0.5% against the backdrop of weakening the value of “black gold” to below $ 78 a barrel.

Mexican Bolsa by the end of the trading session has lowered 0,03% to a value of 32 473.05 points. The Mexican peso finished the day with the strengthening of 0,17% to 12.635 pesos to the dollar.

 

Papers of the largest national retailer Walmex “stouter” at 0,11%, while mining Grupo Mexico added 0,75%.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing Change (items) Change (%) Change YTD
MerVal Argentina 2388,31 16,45 0,69% 2,91%
Bovespa Brazil 69908,59 507,66 0,73% 1,92%
IBC Venezuela 59699,32 -296,01 -0,49% 8,40%
IGBC Colombia 11780,66 63,49 0,54% 1,54%
Bolsa Mexico 32473,05 -9,68 -0,03% 1,10%
IGBVL Peru 15194,76 -30 , 05 -0,20% 7,25%
IGPA Chile 17572,22 42,46 0,24% 5,66%
IPSA Chile 3814,97 12,05 0,32% 6 , 52%


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