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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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