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 record this month.
“For the next 12 months, there will be a fantastic investment environment in Mexico,'’ said Christopher Palmer, who helps manage $2 billion of emerging markets equities for Gartmore Investment Management in London. “We like anything linked to infrastructure.'’
More: bloomberg.com
Mexico's Bolsa Rises on Fox Budget Proposal: Latin Stocks
Mexico's benchmark stock index rose a fifth day, extending a record, after President Vicente Fox submitted a plan to generate a budget surplus for the first time in a decade.
The Mexican Bolsa rose 142.78, or 1 percent, to 15000.09, at 12:03 p.m. New York time. Cemex SA, the world's third-largest cement maker, led the rise. Elsewhere in Latin America, Brazil's Bovespa was little changed, rising 26.96, or 0.1 percent, to 28,548.96.
Fox's budget plan, which proposes paying down external debt for a third straight year in 2006, adds to investor
Mexico's Bolsa Has Third-Straight Yearly Gain: Latin Stocks
Mexico's Bolsa fell on the last trading day of 2005 as the index approached its third straight annual gain.
America Movil SA, up 60 percent this year, and Cemex SA, up 55.9 percent, led declines today as investors sold to take advantage of the rally.
The Bolsa fell 130.58, or 0.7 percent, to 17,702.22. The drop follows a year-end rally that began on Dec. 9, the day Mexico's central bank cut its benchmark lending rate more than expected to 8.25 percent. The cut followed a government report that showed the annual inflation rate
Mexico's Bolsa Rises to Record, Led by Walmex: Latin Stocks
Mexico's Bolsa stock index rose above 18,000 for the first time, led by Wal-Mart de Mexico SA, Latin America's largest retailer, on expectations that the central bank will continue cutting interest rates early next year.
The index rose to a record for a third day, gaining 209.82, or 1.2 percent, to 18,029.50 at 3:12 p.m. New York time. The Bolsa has surged 4.8 percent since Dec. 8, the day before Mexico's central bank cut its benchmark lending rate more than expected to 8.25 percent. The cut followed a government report that
Mexico Bolsa Rises on Economy, Led by Corp. Geo: Latin Stocks
Mexican stocks rose and headed for a fifth straight weekly gain, led by homebuilder Corporacion GEO SA, as the government reported that the economy expanded faster than economists estimated in the third quarter.
The Bolsa index of the most-traded stocks in Mexico City rose 90.05, or 0.6 percent, to 16,545.44, a record. The index gained 2.5 percent for the week. Elsewhere in Latin America, Brazil's Bovespa was little changed today, rising 15.37, or less than 0.1 percent, to 31,102.37, for a 2 percent gain in the week.
The Bolsa
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
Mexico's Bolsa Falls for Week on Profit Concerns: Latin Stocks
Mexico's Bolsa index fell, heading for a second straight weekly decline, on concern that earnings growth may slow and the government may become less favorable to investors after this year's election.
Mexico's Bolsa fell 319.21, or 1.7 percent, to 18,199.12 at 2 p.m. New York time, and has fallen 3.6 percent for the week. Cemex SA, the world's third-largest cement maker, led today's decline. Brazil's Bovespa rose 92.96, or 0.3 percent, to 36,975.27, paring its decline for the week to 0.8 percent.
``You are starting to see opinions that emerging
America Movil, Grupo Mexico and Usiminas: Latin Equity Movers
Following are the stocks that are most active in Brazilian and Mexican markets. In Brazil, the preferred share is usually the company's most-traded class of stock.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange rose 98.52, or 0.4 percent, to 27,178.62 at 10:38 a.m. New York time. Mexico's bolsa fell 19.54, or 0.1 percent, to 14,539.65.
Mexico
America Movil (AMXL MM), Latin America's biggest cell phone company, rose 6 centavos, or 0.5 percent, to 11.68 pesos, after falling 2.8 percent yesterday. Mexico reported that the economy expanded
It's obvious the United States and Mexico are going to be in the 2006 World Cup in Germany. Surely, U.S. manager Bruce Arena and Mexican manager Ricardo LaVolpe would not admit this in front of their players, but it's reality.
On Saturday, it's win and you're in when the teams meet in Columbus, Ohio.
And the sooner a team qualifies, the better its chances could potentially be at the World Cup.
So here's the plan: Win and qualify. Celebrate briefly. Refocus.
Realistically, the U.S. and Mexico have navigated the CONCACAF qualifying waters with confidence and have put themselves in position to qualify for Germany
Grupo Mexico, America Movil, Braskem: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Commodity prices yesterday had their biggest drop in seven months after a drop in oil prices eased the threat of inflation. Copper for March delivery dropped 5.2 cents, or 2.2 percent, to $2.278 a pound on the Comex division of the New York Mercantile Exchange, the biggest decline since Dec. 14. Prices earlier reached a record $2.339. The shares of the world's fourth-largest
Mexicos Stock Index Falls on Political Concern: Latin Stocks
Mexicos stocks fell for a third day on concerns a Felipe Calderon administration would lack support in Congress to pass legislation opening the energy industry to private investment and keeping the budget balanced.
The Bolsa index fell 136.30, or 0.7 percent, to 19,563.85 as of 3:56 p.m. New York time, led by Wal-Mart de Mexico SA, Latin Americas largest retailer. Elsewhere in the region, Brazils Bovespa rose 403.66, or 1.1percent, to 36,544.30.
Mexicos Bolsa last week rose the most in three months after a second vote tally from the July 2
