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
SAGRINSURANCE 27.72 1,081,168
SABIC 67.39 9,360,080
GISS 34.85 1,480,014
APBS 0.65 2,800
ALMARAI 68.92 135,238
JULPHAR 2.5
TAWUNIYA 75.3 244,274
Recent News

Middle East markets favourite destination for Brazilian exports
Brazilian exports to Middle East countries registered significant growth in 2015, latest data shows.
According to figures released by Arab-Brazilian Chamber of Commerce, the South American natio

Emirates NBD release Saudi Arabia PMI: February 2016
In fact, business conditions improved at the weakest pace in the survey’s six-and-a-half year history, with a muted rise in new work the key factor behind the slowdown. Total new business was restric

Riyada hosts second edition of programme to develop SMEs
Dwindling demand is seen as a major threat facing small and medium enterprises in Oman now. The fall in demand is due to the crash in global oil prices, explained by William R Crew, the founder of In

Saudi Arabia’s non-oil growth slows to record
A measure of growth in Saudi Arabia’s non-oil economy fell to a record low as cheap crude weighs on the world’s largest oil exporter.

The Emirates NBD Purchasing Managers’ Index for Saudi

Oman Qatar Insurance plans initial public offering by 2017-end
Oman Qatar Insurance Company, a subsidiary of Qatar Insurance Group, plans to float an initial public offering (IPO) on the Muscat Securities Market (MSM) by the end of 2017, said a top-level officia

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?