Latin America: optimistic statements to analysts and economists sounded not wasted

 

Monday, 28 September, most major stock markets of the Latin American region, concluded the session in positive territory by raising forecasts for the growth of the Brazilian economy in the next year. Thus, it is expected that the GDP of Latin America's largest economy will grow by 4.5% next year, against previous forecasts of 4.2%.

Additional impetus to the growth index was more expensive black gold, as well as statements by analysts JPMorgan Chase that the sale of shares by the construction companies will increase their capital.

As a result of trading a key index of Brazil Bovespa has increased by 1,59%, the Mexican Bolsa has become harder to 2,23%, and growth became the leader of the Argentine Merval, added to its asset 2,75%. Not supported by the overall upward trend only markets of Venezuela and Peru.

Operator Stock Exchange BM FBovespa took the leadership position among the companies comprising the index, Bovespa, whose shares closed in green zone. Against the backdrop of expectations that less stringent rules governing pension funds may lead managers to the sale of government bonds worth 70 billion reais ($ 39 billion), paper BM FBovespa went up by 4,7%.

Due to higher prices for black gold quotes the largest Brazilian oil company Petroleo Brasileiro stepped up to 2,3%.

After the JPMorgan Chase analysts said that the sale of shares by the construction companies will increase their capital, shares the second largest in Brazil builder Gafisa strengthened by 3,4%. Among other companies in the sector, announcing the planned sale of shares are Rossi Residencial, Cyrela Brazil Realty SA Empreendimentos e Participacoes and PDG, whose paper stouter at 1,4%, 0,17% and 4,9% respectively.

Quotes of the Mexican industrialist Cia Minera Autlan rose 12% due to application analysts Ixe Casa de Bolsa that the resumption of production at the plant in the Mexican state Dyurango (Durango) will increase sales of the company.

Another favorite of trading shares of Mexican steel industrial holding Grupo Carso, under the control of billionaire Carlos Slim (Carlos Slim), who left in the plus 4%.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing Change (items) Change (%) Change YTD
MerVal Argentina 2,071.36 55.53 2.75% 91.85%
Bovespa Brazil 61,316.62 960.89 1.59% 63.29%
IBC Venezuela 51,669.86 -156.88 -0.30% 47.93%
IGBC Colombia 11,264.38 185.95 1.68% 48.99%
Bolsa Mexico 29,401.99 642.01 2.23% 31.37%
IGBVL Peru 15,035.01 -70.6 -0.47% 113.30%
IGPA Chile 15,778.19 158.99 1.02% 39.33%
IPSA Chile 3,358.54 39.04 1.18% 41.33%


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