Latin America: Bidding ended Monday in the red zone
Feb 21st, 2010 | By admin | Category: Reviews and ideasÂÂ
Monday, January 25, Latin American stock markets have shown negative dynamics against the background of a significant reduction in sales volumes in the secondary housing market in the U.S., as well as intra-corporate news. Brazilian stock market was closed in observance of the birthday of Sao Paulo.
As a result of trades Argentine MerVal fell by 0,45%, the Peruvian IGBVL lost 0,10%, while Mexico"s Bolsa fell to 1.19%. Losers was Colombian IGBC, a decrease of 1,36%. Not supported the general negative dynamics of only the stock market of Chile, the major indices by IPSA and IGPA rose by 0,73% and 0,59% respectively, against the background of strengthening market metallurgical companies and utilities.
The Chilean peso weakened by 0,3% against the U.S. dollar and Mexican peso, on the contrary, have strengthened their position against the U.S. currency at 0.72%.
Shares Chilean steelmaker CAP "recovered" by 3% against the increased cost of metals.
Papers industrial conglomerate Copec, which is the world leader in the production of cellulose, strengthened to 1.15% and a market capitalization of the Chilean energy group Enersis decreased by 1,84%.
Quotations principal holding company of the new President of Chile Axxion fallen to 25,8%. Piner Sebastian (Sebastian Pinera) said he intends to sell his shares carrier LAN. Paper LAN, in turn, weakened to 1,17%.
Shares of the largest in Latin America, mobile communications services provider America Movil fell by 1,5% against the backdrop of reports of consolidation with other companies, Carlos Slim (Carlos Slim).
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing | Change (items) | Change (%) | value at beginning of year (the last closing in 2009) | Change YTD |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 2,321.20 | -10.4 | -0.45% | 2320.73 | 0.02% |
| Bovespa | Brazil | 66,220.04 | #9472; | #9472; | 68588.41 | -3.45% |
| IBC | Venezuela | 58,600.82 | -675.12 | -1.14% | 55075.68 | 6.40% |
| IGBC | Colombia | 11,378.82 | -157.38 | -1.36% | 11602.14 | -1.92% |
| Bolsa | Mexico | 30,465.06 | -365.85 | -1.19% | 32120.47 | |
| IGBVL | Peru | 14,851.75 | -14.7 | -0.10% | 14167.2 | 4.83% |
| IGPA | Chile | 17,550.23 | 103.69 | 0.59% | 16630.91 | 5.53% |
| IPSA | Chile | 3,802.39 | 27.58 | 0.73% | 3581.42 | 6.17% |
In 2009, individuals were given the opportunity to purchase securities without intermediaries via the Internet ...
Meat not benefited
Manipulation will rise in the price
Its a game. Internet trading has provided strong support the stock market
European indexes fell on Monday 4 th day in a row - the longest drop in 2 months
If oil prices are approaching the mark of $ 70 per barrel, the level of 1400 points on the MICEX index can not resist
Negative external background may encourage market participants to sales, which resulted in the MICEX index could test the level of 1400-1405 points
Liquidity in the market is, but to flow in the action, it will selectively
Strong loss of Asian sited5as, minus futures on indexes and a falling U.S. oil prices leave no chance of "bulls"
"Bulls" can feel relatively quiet until the MICEX indexd13is not moving away from support for 1405-1410 points
