Latin American stocks show strong Q1


01/04/2012 01:53 AST  Reuters

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

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 33.93 529,509
SECO 19.36 6,709,190
SABIC 93.04 3,372,968
ALKHODARI 30.22 833,805
MERS 215.3 63,648
SPIMACO 43.93 463,436
EEC 35.21
Recent News

US index at peak, European stocks extend gains on Greece, Fed
European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Re

Afriland First Bank officially launches Islamic finance in Cameroon
At an event held at the Hilton Hotel in Yaounde, Cameroon, on 20 February, Afriland First Bank unveiled its suite of Islamic finance products.

For more than 10 years, First Bank has been a

UAE residents' alert: Personal loan rates decline by 30%
Banks in the UAE are flush with cash, thanks to a growing economy and business development, both international as well as local and regional.

It is natural, then, that banks and other fina

NBAD targets organic growth in UAE, abroad
National Bank of Abu Dhabi (NBAD) is not interested in buying the Egypt retail business of Citigroup and is instead targeting organic growth in the country and globally, the bank's chief executive sa

Yen gains on strong wages data, Aussie down ahead of RBA
The Japanese yen gain on solid wage data Tuesday, while the Australian dollar remained weaker ahead of the latest central bank view on the cash rate with chances for a cut seen as likely.

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

Poll

Which of the following do you think is the best long-term investment?