August 19th, 2009

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Latin America: early happy Bears

Wednesday, August 19th, 2009

 

Tuesday, August 18, at the bidding of the Latin America experienced a positive trend, with rare exceptions. Market the region continues to be sensitive to rumors about the economic recovery and the news from the United States. In Brazil, this was interrupted due to a two-day correction.

As a result of bidding key index of Brazil Bovespa has added 1% to 55 748.92 points, the Mexican Bolsa rose by 0.9%, and Chilean Ipsa left in plus on 0,3%. Argentina's Merval fell by 1,9%.

The second largest Brazilian airline Gol Linhas Aereas Inteligentes jumped to 8.6%, after Banco Santander analysts upgraded its stock rating to hold on a background of expectations of improvements in operating activities in the coming quarters.

The banking sector witnessed a revival - UBS analysts recommended buying shares of the third-largest bank Banco Bradesco, which has led to an increase in its stake to 1.6%. At UBS raised the forecast for the price of shares of Bradesco by 26% to 39 reals, while the recent closure of 29.38 reais.

In this best choice among banks in the country was named Itau Unibanco Holding - a forecast of its shares in UBS raised to 45 reais, an increase of 33% over the last closure.

Brazilian operator cards Cia Brasileira de Meios de Pagamento, known as VisaNet, moved to 1.7%, while its competitor Redecard left in plus on 0,6%. Thus, the financial sector within the MSCI Brazil strengthened stronger all industry groups.

The world's largest sugar cane processor Cosan SA Industria e Comercio jumped to 7.1% against the backdrop of the commentary on the International Sugar Organization that the harvest of sugar cane in Brazil, the largest supplier of sugar, in 2010-2011 he could rise in response to a jump in prices.

The third-largest in the Brazilian steel company Cia. Siderurgica Nacional left in plus on 2,1% - Bank of America analysts recommend buying its shares, noting the improvement in its prospects for the domestic market.

At auction in the Mexican Bolsa index of growth was made possible by the Commodities sector recovery. The largest country in the mining company Grupo Mexico soared 7% after reporting the receipt of a credit line of 5 banks in order to save their American units for copper.

Hemisphere's largest cement producer Cemex grow 5,5% of market value, with your address in the positive feedback from local analysts.


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 1,727.76 -33.85 -1.92% 1079.66 60.03%
Bovespa Brazil 55,748.92 530.55 0.96% 37550.31 48.46%
IBC Venezuela 47,963.05 264.05 0.55% 34927.66 37.32%
IGBC Colombia 10,449.88 -52.06 -0.50% 7560.68 38.21%
Bolsa Mexico 27,544.32 244.74 0.90% 22380.32 23.07%
IGBVL Peru 14,060.64 88.14 0.63% 7048.67 99.48%
IGPA Chile 15,538.56 88.86 0.58% 11324.07 37.22%
IPSA Chile 3,286.08 23.77 0.73% 2376.42 38.28%

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Index MICEX today once again try to cling to the level of 1050, and with the support of an external background can go to the area of 1070

Wednesday, August 19th, 2009

The Russian stock market has completed Tuesday without major changes, the RTS indexlost 0.42% to 1001.52, while the MICEX index and is closed unchanged at the previous level - 1035.45. The focus of Russian players was the electricity sector, as well as after the accident at the Sayano-Shushenskaya hydroelectric power station will be made redistribute the load. Bidders were trying to determine which companies will be among the lucky ones. In addition, shares of associated electric power companies in price, in connection with the likely rise in demand for their products, among them were paper Kuzbassrazrezuglya. Of the shares in the first echelon of certain recovery of paper noted VTB, after it was value for shares of additional issue - 4.8 kopecks. Shares of oil companies were under pressure fluctuations in the oil and failing to choose a single trend. European stock markets climbed on Tuesday, despite weak data from the United States, which had become a deterrent effect. Start of construction in the United States and the number of permits unexpectedly fell in comparison with the previous period, while the expected growth in these indicators. Mitigating factor was the statistics from Germany, where the index of economic expectations and the assessment of the current situation has exceeded forecasts, once again restoring hope for the speedy recovery of the global economy. In addition, the retail price index in Britain has confirmed the positive dynamics of the situation. Rapidly gained weight paper of financial institutions led by the Swedish Bank - Swedbank, thanks to an analyst with Deutsche Bank, raising the recommendation. Support markets originating from the raw areas affected shares in mining and energy companies. Oil has gone up after the American Petroleum Institute reported a decline in product stocks in the United States, as the weakening dollar has helped to strengthen prices in the black gold.

U.S. stock markets closed yesterday on the positive territory. The pressure on the shares have been weak statdannye with the housing market. However, corporate communications have been positive. Results retailers such as Home Depot Inc, Target Corp and Saks Inc. pleased investors and reverse the negative sentiment that emerged on Monday against the backdrop of weak data on retail sales and a negative report retailer Lowe s Cos Inc. Shares of technology companies went up after the price of paper has been upgraded Apple Inc RBC. expensive metals and crude oil contributed to strengthen the position of the commodity sector.

Asian markets today traded differently, although the beginning of the session, the paper remained in positive zone. In addition to the positive on American sites, the reason for the rise of a rating upgrade regional automotive industry analyst company Nomura.

The Russian stock market at the opening will go up after oil podrosshimi quotes, and U.S. futures. MICEX Index once again try to cling to the level of 1050, and with the support of an external background can go to the area 1070, where the gap has remained outstanding. Today, due to resume trading in shares RusGidro which, judging from the receipts in London, have yet to fall to equalize the situation. Interest today will cause publication of the minutes of the Bank of England, and the remaining statistics may go unnoticed, with the exception of oil and petroleum products in the United States. Perhaps the main point of reference for the movement of corporate news and will lead to the analysts. Furthermore, forecasts for a strong rally of recent weeks are increasingly pessimistic tone, which can be a cause for correction. In this case, the MICEX index may retreat to 1020/1010.

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