Market Analysis

 

Friday, 15 January, the stock markets of Latin America have completed the session in a significant minus, with rare exception. Such shuffling facilitated the course of trades in the U.S., where it registered a decline of indexes on the background of negative evaluation reporting JPMorgan investors and analysts. Macroeconomic data on the U.S., namely the preliminary value of the index of consumer confidence in the University of Michigan, helped secure correctional attitudes.

At the auctions in Brazil negative dominated the second consecutive day amid falling commodity prices. Also here the role played by news that major Brazilian phone company Tele Norte Leste Participacoes has suspended a plan to buy Brasil Telecom.

Following the session, the Brazilian Bovespa index fell by 1.18% to 68 978.30 points, the Mexican Bolsa fell by 1,43%, while Chile"s Ipsa left in a minus on 0,7%. In plussis closed markets of Venezuela and Colombia.

The retreat of oil trading in New York, and industrial metals, particularly copper, in trading in London, determined the outcome of the session for Brazilian commodities. The world"s largest iron ore producer Vale has lost 0,5%. Steel company Cia. Siderurgica Nacional lost 2,1%.

Brasil Telecom shares have fallen by 11%, ie strong image for the year, after news of the suspension of plans for its acquisition of Tele Norte Leste Participacoes, known under the brand name Oi. Tele Norte Leste going to buy Brasil Telecom Paper from minority shareholders in a deal valued at acquisition 5.86 billion reais ($ 3.31 billion). However, the auditors found that losses of Brasil Telecom by unresolved litigation exceed estimates Tele Norte, which led to the suspension of the transaction. Shares last fell 4.1% in Friday trading.

The world"s largest producer of cellulose Fibria Celulose lost 3,6% against the background of the fact that analysts Goldman Sachs lowered the rating of its shares to "buy" to "neutral".

At the auctions in Mexico continued sale of shares of telecommunications giant America Movil, a week who lost 5,4% of market capitalization. It was caused by a statement the company plans to make several acquisitions.

In the commodity sector of Mexico also reigned negative. Largest cement maker Cemex has lost 1,7%, the mining company Grupo Mexico lost 2.5%. In positive territory among the blue chips closed retailer Wal-Mart de Mexico.

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