Mexico stock index hits all-time high
The heady growth of Mexico’s stock market over the last three years continued unabated on Thursday as the benchmark IPC index broke through the key psychological 17,000 level for the first time ever.
After rising by 1.8 per cent in Thursday’s trading, the IPC has now risen by 41 per cent in dollar terms in the first eleven months of this year, after growth of 46.9 per cent in 2004 and 43.5 per cent in 2003.
Soure: msnbc.msn.com
The Conference Board(R) Mexico Business Cycle Indicators(SM)
Mexico Leading Economic Indicators and Related Composite Indexes for October 2005
The leading index was unchanged in October following four consecutive gains. Oil prices and stock prices were the main contributors to this month's weakness in the leading index, but in recent months the strengths among the leading indicators were relatively more widespread. Despite no change in October, the leading index continued to grow at about a 10.0 to 11.0 percent annual rate in recent months, well above the 3.0 to 4.0 percent rate
Mexico's Bolsa Rises, Led by America Movil, Cemex: Latin Stocks
Mexico's benchmark stock index rose to a record on the prospect of government spending on construction that will spur profits at companies such as cement maker Cemex SA.
The Bolsa index rose 150.54, or 1.1 percent, to 14,123.15 as of 1:50 p.m. New York time, surpassing the previous high July 14. America Movil SA, Latin America's No. 1 mobile-phone company, led the gain followed by Cemex, the world's third-largest cement maker. Elsewhere in the region, Chile's IPSA index of 40 stocks rose 1 percent to 2124.10, headed for a third
Stocks Close Higher in Argentina, Lower in Mexico, Brazil
Latin America's three major stock markets closed mixed on Monday.
The Buenos Aires stock market closed with the Merval index up by 1.42 percent and ended at 1,550.96 points. The trade volume was 14 million U.S. dollars.
Mexico City's stock market IPC index dropped 0.14 percent and closed at 17,776.88 points. A total of 6.4 million shares were traded at 10.7 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 33,297 points, down 0.10 percent. The trade volume was 192 million dollars.
More: blackenterprise.com
Stocks close higher in Mexico, lower in Argentina, Brazil
Latin America's three major stock markets closed mixed on Friday.
Mexico City's stock market IPC index rose by 0.77 percent and closed at 16,879.37 points. A total of 61 million shares were traded at 102.1 million US dollars.
The Buenos Aires stock market closed with the Merval index slightly down by 0.11 percent and ended at 1,629.63 points. The trade volume was 17.89 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 31,920 points, down by 0.08 percent. The trade volume was 470.2 million dollars.
More: english.people.com.cn
The Conference Board(R) Mexico Business Cycle Indicators(SM)
Mexico Leading Economic Indicators and Related Composite Indexes for July 2005
The Conference Board announced today that the leading index for Mexico increased 0.7 percent, and the coincident index increased 0.1 percent in July.
* The leading index increased again in July following a large gain in
June. Oil prices as well as stock prices continue to be the main
contributors to the increase in July. Despite short-term volatility,
the growth
Bradesco, Grupo Mexico, Televisa, Usiminas: Latin Equity Movers
The following are the most-active stocks in Brazilian and Mexican markets today. In Brazil, the preferred share is usually a companys most-traded class of stock.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange dropped 761.47, or 2 percent, to 36,605.87 at 12:05 p.m. New York time. Mexicos Bolsa index declined 597.80 or 2.9 percent, to 19,731.69.
Brazil
Banco Bradesco SA (BBDC4 BS), the countrys second biggest non-state bank by market value, fell 1.61 reais, or 2.3 percent, to 68.89 reais. The stock gained 14 percent in the
Mexicos Cablemas Postpones IPO Amid Tumble in Global Markets
Cablemas SA, Mexicos second-biggest cable company, postponed an initial public offering as a plunge in global stock markets eroded demand for the shares, a banker involved in the transaction said.
The company and shareholders decided not to take the company public at this time, said Pablo Pena, head of investment banking at Vector Casa de Bolsa SA, one of nine banks managing the transaction. He said Cablemas intended to raise as much as $247 million in the sale.
Mexicos benchmark Bolsa stock index has fallen 6.8 percent in the past seven
Mexico's Bolsa Rises to Record, Led by Walmex: Latin Stocks
Mexico's benchmark stock index rose to a record for a third day, led by retailer Wal-Mart de Mexico SA, on expectations that oil revenue will sustain growth in Latin America's biggest economy.
The Mexican Bolsa rose 120.64, or 0.8 percent, to 15,151.26 at 12:40 New York time. Wal-Mart de Mexico, Latin America's biggest retailer, rose for a fifth day in six as Chief Executive Eduardo Solorzano elaborated on the company's expansion plans in a speech to investors in New York.
The Bolsa is gaining because of global demand for the
Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks
Brazil's main equity index fell for the first time this week, led by state-controlled oil company Petroleo Brasileiro SA, on concern further revelations from a probe into alleged vote-buying may weaken the government.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange fell 555.25, or 2.1 percent, to 25,364.70 at 1:22 p.m. New York time. The Bovespa gained 3.9 percent for the week, boosted by a poll Tuesday that showed President Luiz Inacio Lula da Silva's approval rating rose in June, easing concern he would lose support over
Brazil's main stock index rose for a third week as slowing inflation spurred expectations the central bank will cut interest rates this month.
The Bovespa index of the 57 most traded stocks of the Sao Paulo stock exchange rose 479.85, or 1.7 percent, to 29,307.91, making a 3.5 percent gain this week, a third weekly gain. Gerdau SA, Latin America's largest steelmaker, led the weekly gain. Elsewhere in the region, Mexico's Bolsa rose 156.96, or 1 percent, to 15,212.88, for a 3 percent weekly gain.
Brazil's annual inflation rate dropped to a 15-month low of 6.02 percent in August, the
