Latin American stocks show strong Q1


01/04/2012 01:53 AST

Latin American stocks ended the first quarter of 2012 strongly on Friday with Brazil's Bovespa and Chile's IPSA posting their sharpest quarterly gains since September 2010.

With fears of a European debt crisis easing and a slowly improving economy in the United States, Brazil's Bovespa stock index advanced 13.6 percent this quarter to 64,510.97. Chile's IPSA stock index climbed 11.8 percent.

The Bovespa is likely to reach an all time high of 75,000 points by year end and Mexico's IPC stock index, which logged a 6.5 percent gain this quarter, is expected to jump 13 percent from the 2011 close, according to a recent Reuters poll.

"There is abundant liquidity and interest rates are very low. This is an attractive sign for the market," said Luciana Pazos, wealth management chief at Mirae Securities.

Low interest rates in the U.S., Europe and Japan have helped fuel the rise in riskier assets as investors flock to higher-yields. The MSCI Latin America index shot up 13.9 percent this quarter.

For more on this Click Here

Reuters
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
EEC 24.65 727,618
QNBK 151 133,972
RAKBANK 5 513,328
SABIC 96.79 2,615,086
BKMB 0.44 839,774
DHBK 34.5 195,993
ARNB 21.49 1,152,648
Recent News

Despite foreign selling Oman shares remain stable
Despite foreign selling in Bank Muscat and HSBC Bank, the MSM30 Index remained stable at 5,616.75 points, up 0.12 per cent. The MSM Sharia Index finished at 850.72 points, down 0.20 per cent. Bank Ni

Total assets of Islamic banking reached $924b in 2015
Total assets of Islamic banking reached $924b in 2015, with growth rates declining across all regions compared to previous years, according to EY’s ‘Banking in emerging markets’ report. The Gulf coop

Kazakhstan for economic partnership with Qatar
Governor of Astana International Financial Centre in the Republic of Kazakhstan, Dr Kairat Kelimbetov, (pictured) yesterday stressed his country's keenness to establish various partnerships at differ

Doha Bank finances Tornado Tower
Doha Bank, one of the largest commercial banks in Qatar, has completed a financial arrangement with Tornado Co. for re-financing the iconic Tornado Tower in West Bay. This long term transaction is on

GFH to inject cash in stalled Bahrain development
GFH Financial Group (GFH) has completed a debt-restructuring agreement with the developer of a long-delayed US$700 million project in Bahrain.

In a statement to the Dubai stock exchange ye

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?