Latin America: the U.S. housing market sentiment has improved a number of investors
Tuesday, June 2, Latin American stock indices finished the day with mixed dynamics.
indicator of stock market of Brazil Bovespa reduced value of 0.89% to 53 999.52 points, thus down from the 9-month peak against the backdrop of easing prices for Commodities, as well as the words of analysts on the expensive stocks of emerging markets after the recent rally.
national currency - the real - as a result of trades stronger at 1.59% to 1.23 reals per dollar. Quotations mining company Vale have lost 2.5% and finished the day at around reais after Goldman Sachs analysts said that, see the risk of reducing the supply of iron ore in the second quarter.
Papers builder Gafisa collapsed at 6.7% to $ 16.97 on a statement of intention to conduct additional issue of shares in the total amount of 700 million reais ($ 359 million). Quotations aircraft manufacturer Empresa Brasileira de Aeronautica rolled to 4.6% to 9.30 reais after the Bank of America analysts expressed doubts regarding the ability of the company to justify a forecast for sales in the current year.
Shares region's largest steel company Gerdau steel is heavier at 3.5%, and improved up to 22.25 reais as a result of the data on the improvement of the U.S. housing market and expectations of increased demand for metal.
The Mexican Bolsa
by the end of trading session stronger on 0,31% to 25 183.83 points. Quotes of the region's largest mobile phone operator America Movil fell by 2.1% to 25.12 pesos after the head of the national central bank said the real risk of sovereign debt market.
Papers builder Desarrolladora Homex added 1.8% to 62.99 pesos, while its competitors Corporacion Geo potolsteli at 3.9% to 24.25 pesos against the background of signs of improving housing market the United States.
Stock markets
Chile also completed trades above the previous level. Chilean IPSA, which is dominated by shares of trading companies, increased by 0,44% and has risen up to 3 205.32, while the IGPA, reflecting the general dynamics of the market went up by 0.42% to 15 114.82.
Quotations
steel company CAP added 0.7% to 13 140 pesos, retailer Cencosud rolled to 0.57% to 1 471 pesos, while industrial conglomerate Copec decreased by 1.33% to 7 095.8 pesos.
the main index at the closing are shown in the table:
| Index | Country | Closing | Change (items) | Change (%) | Change from the beginning of the year |
|---|---|---|---|---|---|
| MerVal | Argentina | 1668,76 | 12,65 | 0,76% | 54,56% |
| Bovespa | Brazil | 53999,52 | -486,77 | -0,89% | 43,81% |
| IBC | Venezuela | 42994,62 | -155,69 | -0,36% | 23,10% |
| IGBC | Colombia | 9377,89 | -53,64 | -0,57 % | 24,03% |
| Bolsa | Mexico | 25183,83 | 78,20 | 0,31% | 12,53 % |
| IGBVL | Peru | 14259,65 | 255,02 | 1,82% | 102,30% |
| IGPA | Chile | 15114,82 | 63,10 | 0,42% | 33,48% |
| IPSA | Chile | 3205,32 | 14,17 | 0,44% | 34 , 88% |
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