Latin America: unassured growth supported retail and zhilstroy

Written by admin on August 5th, 2009

 

Tuesday, August 4, on the stock exchanges in Latin America as a whole experienced moderate optimism. Only in Argentina bidding closed lowering indices. Conducive to the progress of the trading was on the statistics of the secondary housing market the United States, as well as the comments of analysts UBS and regional banks.

The key index of Brazil Bovespa-up session, rose 0.1% to a level of 56 038.07. The Mexican Bolsa index rose by 0.6%, and Chilean Ipsa - at 0.4%. Argentina's Merval went negative on 0,2%.

Brazil's retail sector steadily advanced against the background of Banco Santander comments that the retail sales and the labor market show considerable resilience. UBS analysts also noted the attractiveness of sectors dependent on consumer demand because of the relatively low interest rates.

The largest clothing retailer in the country of Lojas Renner added 4.4%, while its rival Lojas Americanas left in plus on 4,2%. The largest Internet retailer B2W Varejo increased market capitalization at 3.8%.

published in the United States, statistics on the secondary housing market has helped lift the Brazilian sector zhilstroya. Also one of the growth factors were comments UBS. Offers the largest residential-construction company in the country Cyrela Brazil Realty SA Empreendimentos e Participacoes reached a maximum of 2 weeks, adding 4.8%, and the second largest company sector Gafisa left in plus on 2,1%.

winning Bovespa index was more significant, if not retreat to 1.3% of the shares in the largest state-controlled oil company Petroleo Brasileiro against the backdrop of lower oil prices in New York.

Shares municipal company Cia. Energetica de Minas Gerais gaining 1.1% against the background of preserving the positive forecasts for the sector, analysts at UBS.

in the region's largest operator of railroads ALL America Latina Logistica moved at 6.7% against the backdrop of reports in the press that the company has signed a contract with the steel worker was Usinas Siderurgicas de Minas Gerais on the transport of its products. According to regional experts, the transaction could significantly improve the financial results of the railway company.

In Mexico, the rally led by sector zhilstroya following the release of relevant statistics in the United States. Consorcio Ara Shares added 1.9%, and Corporacion Geo - 1,5%.

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 1,778.36 -3.44 -0.19% 1079.66 64.71%
Bovespa Brazil 56,038.07 40.26 0.07% 37550.31 49.23%
IBC Venezuela 46,178.84 333.17 0.73% 34927.66 32.21%
IGBC Colombia 10,426.17 28.18 0.27% 7560.68 37.90%
Bolsa Mexico 27,869.92 177.44 0.64% 22380.32 24.53%
IGBVL Peru 14,665.09 48.22 0.33% 7048.67 108.05%
IGPA Chile 15,543.66 81.42 0.53% 11324.07 37.26%
IPSA Chile 3,292.99 18.37 0.56% 2376.42 38.57%


The current session, likely to be quite volatile, special interest today is the dynamics of the commodity market
The main thing today - this is the price the new issue of placement, the last and very serious trump the bulls in the shares of VTB
Yesterday at the U.S. stock market continued to prevail optimistic mood among market participants
Today, the external background is neutral for the Russian stock market, thus, in the morning can bear
Relatively quiet ambient background of high oil prices make it possible to count on a smooth increase of the Russian index
Better the market today may look like shares of banks and NorNikelya
Today, market participants will follow the release of such news as the change in the number of employees from ADP, the change in industrial production of Great Britain
Kommersant: Nadra give deposits on parts
Experts see the prerequisites for further appreciation of oil in August

 

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