Wednesday, September 2, almost all stock markets of Latin America have demonstrated positive dynamics, despite the unfavorable statistics of the United States. Growth of shares in banks and property developers on the background of the Government of Mexico's policy to provide housing for people with low income supported index Bolsa. Chilean indexes have become stronger due to the increased cost of raw materials, while the drop in shares of property developers in the Brazilian stock exchange led to a decrease in the main index of the stock market in the country. Central Bank of Brazil has kept a key interest rate at a record low of 8,75%.

Following the auction, the regional index EM Latin America has lowered 0,08% and closed at 1 245.332. Argentina MerVal grown up on 0,57%. Chilean blue-chip IPSA index gained strength at 0.44% and IGPA closed at 0.29% above the previous value. Brazil Bovespa has lowered 0,77%. Leader of growth was the Mexican Bolsa, an increase of 0.74%.

The main reason for the fall of shares of developers in the Brazilian market served as investor concern about the dilution of their equity. Thus, the paper Rossi Residencial fell 5.4% after the announcement of the sale of ordinary shares worth 500-600 million reais. Yesterday representatives of PDG Realty SA Empreendimentos e Participacoes also announced the planned sale of newly issued voting shares worth 800 million reais. Paper Gafisa fell by 5,3%. Bank of America analysts lowered their rating to buy to neutral, citing the fact that in the next few months, the company could follow the example of other industry representatives and announce action.

Quotations state oil company Petrobras have grown on 1,7%. According to representatives of BP, oil reserves in the area Tiber Prospect in the Gulf of Mexico, 20% of which belong to the Brazilian Petrobras, may exceed 3 billion barrels.

Market capitalization of the Mexican bank Banco Compartamos, which specializes in providing small loans, increased by 4,4%. Analysts say Citigroup, economic recovery in the first place a positive impact on the financial results of companies in this sector.

Shares of Mexico's largest builder Desarrolladora Homex recovered at 3,5%. Growing demand for residential real estate company in the country the primary responsibility for the government, provides guarantees of mortgages for families with low income.

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

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European indexes falling on Wednesday by an average of 0,5%