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Thursday, 8 October, the stock markets of the region have shown mixed dynamics. The main reason for the increase was the rise in price of oil and metals, as well as an increase in major U.S. indices.
Following the auction, Venezuelan IBC has matured to 1,08%, the Bovespa in Brazil has grown up on 1,79%, while Mexico's Bolsa added 0,46%. Leader of growth was the Argentine MerVal, an increase of 2,45%. Not supported by the overall positive dynamics of the stock markets are Chile, Peru and Colombia.
Shares of the second-largest producer in the world of metals Vale moved by 1,6% against overcomes the expectations of analysts reporting U.S. Alcoa. Papers of the second-largest Brazilian steelmaker Usinas Siderurgicas de Minas Gerais recovered by 3%.
Quotations of one of the largest Brazilian banks Banco Bradesco rose by 2,5%, while the market capitalization of Itau Unibanco Holding increased by 1,7%. According to the newspaper Valor Economico, the total amount of loans issued by Bradesco private individuals and companies may, in the next year to increase by 20-25%.
Papers of the largest in the Brazilian mobile operator Vivo Participacoes jumped 7.3%. Telefonica, which owns a controlling stake in Vivo, together with the Portuguese company SGSP, made an offer to buy Brazil's GVT for 6.5 billion reais ($ 3.72 billion). Analysts said Banco Brascan, in the future, Telefonica will be able to buy a controlling stake in Vivo and form a unified telecommunications company.
Shares of builder Gafisa recovered at 2,4%, leading the market growth of construction companies. According to experts JPMorgan Chase, the representatives of the industry to a greater degree of benefit from economic recovery.
Papers in Latin America's largest mobile phone operator America Movil rose by 0,8%. According to unofficial information, the company plans to sell a ten-year dollar bonds.
Market capitalization ofthe Mexican cement manufacturer Cemex has increased by 2,4%. Agency Standard Poor's raised the credit rating of securities companies with B-to B.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing | Change (items) | Change (%) | value at beginning of year (the last closing in 2008) | Change YTD |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 2,149.09 | 51.44 | 2.45% | 1079.66 | 99.05% |
| Bovespa | Brazil | 63,759.87 | 1,121.59 | 1.79% | 37550.31 | 69.80% |
| IBC | Venezuela | 52,061.18 | 556.75 | 1.08% | 34927.66 | 49.05% |
| IGBC | Colombia | 11,288.30 | -65.12 | -0.57% | 7560.68 | 49.30% |
| Bolsa | Mexico | 29,898.85 | 135.48 | 0.46% | 22380.32 | 33.59% |
| IGBVL | Peru | 15,101.39 | -42.39 | -0.28% | 7048.67 | 114.24% |
| IGPA | Chile | 16,092.80 | -17.77 | -0.11% | 11324.07 | 42.11% |
| IPSA | Chile | 3,423.62 | -5.65 | -0.16% | 2376.42 | 44.07% |
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