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
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

Most Viewed Companies
Ticker Price Volume
EMAAR 7.71 67,780,951
SABIC 90.11 6,816,238
ALMARAI 76.69 1,896,426
STC 68.6 1,372,209
RIBL 17.4 2,074,671
EEC 43.26 8,341,135
SECO 15.7 5,629,097
Recent News

Oman convention centre will help economy: McCartney
Business meetings industry can propel Oman's investment profile and contribute to the economic diversification of the Sultanate, said Trevor McCartney, general manager of Oman Convention & Exhibition

Oman shares rebound, up by 5.52 per cent
The rebound in Gulf Cooperation Council (GCC) equity markets continued and the MSM30 index surged by 5.52 per cent to close at 5,998.27 points. MSM Sharia index closed at 930.60 points, up by 3.38 pe

53 per cent in Oman want to splurge on luxuries in 2015: Survey
Fifty-three per cent of luxury spenders in Oman plan to spend more on luxury goods and experiences in 2015, according to a new American Express Middle East Spending Survey. This compares to a regiona

Non-Opec producers urged to cut oil output after rout
Oil producers outside of Opec should cut their "irresponsible" output with excess supplies harming the market, the United Arab Emirates energy minister said.

The oil market is oversupplied

‘Oman needs reform on public sector employment benefits’
Oman, the largest non-Opec oil producer in the Arabian Gulf, may have to reform its generous public sector employment benefits and tackle the country's restrictive labour practices in order to increa

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


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