Latin America: the predominance of positive signals did not prevent the disorder index
Jun 29th, 2009 | By admin | Category: Reviews and ideasOn Friday, 26 June, equity markets of Latin America concluded the session with mixed results, most corrective mood prevailed in Peru, while the remaining markets close in negative zone, suffered less than 0.1%. At the same time, the markets of Chile and Mexico dominated pronounced positive.
In Brazil, the key Bovespa index dropped to 0.06%, among them grew up and had fallen almost equally. Last week the Brazilian market gained 0.2%, which was the fifth green week for the last six, and since the beginning of the year grew by 26%.
Central Bank of Brazil has published its forecast for economic growth for 2009, amounting to 0.8%, ie at 0.4% weaker than the previous projection. At the same time, the official forecast is significantly higher expectations of experts, whose forecasts for GDP growth the country, mostly, are a sign of a negative sign.
Brazilian operator Redecard credit cards, increased the market value at 3.5% after the emergence of information that the Brazilian branch of the U.S. Visa plans to attract over $ 4 billion through the IPO. According to local analysts, Redecard much better in the light of such developments in the sector.
The banking sector of Brazil also advanced against the backdrop of statements by Banco Santander that data on lending over the past month, promises to start the country's economic recovery. Banco Bradesco Shares added 1.1% and Itau Unibanco Holding - 1,6%.
The largest company in the country's water sector Cia. de Saneamento Basico do Estado de Sao Paulo advanced to 5% against a background of positive comments from analysts Banco Santander.
In Mexico, led a moving second-largest retailer Organizacion Soriana, whose shares went up by 3.3% against a background of statistics published in the United States for personal expenses - the United States is the biggest buyer of Mexican exports.
Among the other Mexican leaders of growth on Friday include retailer Wal-Mart de Mexico and telecommunications company America Movil and Carso Telecom.
| Index | Country | Closing | Change (items) | Change (%) | Value at beginning of year (the last closing in 2008) | Change from the beginning of the year |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 1,579.99 | -0.97 | -0.06% | 1079.66 | 46.34% |
| Bovespa | Brazil | 51,485.61 | -29.2 | -0.06% | 37550.31 | 37.11% |
| IBC | Venezuela | 43,891.53 | -29.35 | -0.07% | 34927.66 | 25.66% |
| IGBC | Colombia | 9,797.95 | -7.43 | -0.08% | 7560.68 | 29.59% |
| Bolsa | Mexico | 24,458.23 | 212.52 | 0.88% | 22380.32 | 9.28 % |
| IGBVL | Peru | 13,189.63 | -111.05 | -0.83% | 7048.67 | 87.12% |
| IGPA | Chile | 14,822.30 | 126.95 | 0.86% | 11324.07 | 30.89% |
| IPSA | Chile | 3,104.42 | 32.96 | 1.07% | 2376.42 | 30.63% |
Hurrying slowly
At the opening of tenders can expect some reduction in Russian shares, oil and gas sector will be worse than the market
At the end of Friday the MICEX index was 960.16 point, which is 0.1% below the previous day's closing
Futures oil brand Brent desheveyut and traded at around $ 68.3 per barrel
Paper gold mining companies now look better than the market
The closest resistance level is located in the vicinity of 980-1000 points of index MICEX
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