On Friday, June 12, the stock markets of Latin America have demonstrated mixed dynamics. The Brazilian market was closed in a small, black against the background that the central bank lowered the key rate is stronger than generally expected - at 1% instead of 0.75% to a level of 9.25%. Thus, optimism about enabling monetary policy offset the negative effects on the market from declining prices for Commodities.
The key index of Brazil Bovespa has increased by 0.3% to a level of 53 558.23. The Mexican Bolsa gained slightly more than 0.3%, while the Venezuelan IBC closed with an increase of 0.5%. At the same time, Argentina's Merval index fell by 0.9%, and Chilean indexes declined by 0,1-0,2%.
Against the backdrop of larger-than-expected reduction in interest rates in Brazil, the rally led by the utility companies, whose ability to attract investment in this regard have improved significantly. Shares Cia. Energetica de Minas Gerais, the largest in the country's power company, added 3.4%, and Eletropaulo Metropolitana, the Brazilian unit of global electricity supplier AES - 3,8%.
The exception was the second largest electricity distributor in the country of Light - its shares fell in price by 2.2% after the Brazilian Development Bank has decided to sell 34%-ing shares in the company through a public placement.
Retail sector also advanced - the largest in Brazilian discount retailer Lojas Americanas gained 0.6%, partly thanks to the recommendation on the purchase of Banco Santander, and Dufry South America, the Brazilian branch of the Swiss duty-free operator Dufry Group, increased its market value at 3.6 % - its shares also received a rating upgrade from Banco Santander. The largest online retailer B2W Cia. Global do Varejo left in plus on 2,4%.
The largest operator of railroads ALL America Latina Logistica added 2.4% on the background rate analysts at Santander carriers agricultural Commodities.
In the housing sector industry leader Cyrela Brazil Realty SA Empreendimentos Participacoes added 2.9%. Among the companies whose products are associated with repair and renovation, has added more than any other Brazilian producer of design elements from the tree Duratex - shares went up by 4,1%.
Shares of the world's largest iron ore producer Vale lost slightly less than 1% of market value on the background of derogation metal prices in London and New York, following the strengthening of the dollar.
Mexico rally led by the airports operator Grupo Aeroportuario del Centro Norte, gaining 7.2% thanks to the comments of local analysts. Shares retailer Controladora Comercial Mexicana, its overdue obligations in October, gaining 4.3% against the background of the news about the possibility of restructuring the debts by the end of the year.
| 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 | 1,654.56 | -14.98 | -0.90% | 1079.66 | 53.25% |
| Bovespa | Brazil | 53,558.23 | 147.3 | 0.28% | 37550.31 | 42.63% |
| IBC | Venezuela | 43,372.03 | 205.59 | 0.48% | 34927.66 | 24.18% |
| IGBC | Colombia | 9,672.86 | 42.32 | 0.44% | 7560.68 | 27.94% |
| Bolsa | Mexico | 25,460.02 | 87.17 | 0.34% | 22380.32 | 13.76% |
| IGBVL | Peru | 13,840.89 | -103.46 | -0.74% | 7048.67 | 96.36% |
| IGPA | Chile | 15,448.49 | -18.59 | -0.12% | 11324.07 | 36.42% |
| IPSA | Chile | 3,252.50 | -5.39 | -0.17% | 2376.42 | 36.87% |