Latin American Markets Mostly Higher; Kimberly-Clark Subsidiary in Mexico Lifts IPC Index

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Latin American markets lost some ground and were mixed late Thursday. There was a near 1% rise for the Mexican IPC Index as the U.S. listed stock of Kimberly-Clark hit year higha. Kimberly-Clark de Mexico reported a 33% jump in Q4 profit to 1.22 bln pesos ($94.7 mln), helped by reduced costs as well as a 9% jump in Q4 revenue over the year-ago period to 7.7 bln pesos ($624.9 mln).

Here's where the regional markets stand today:

- Ibovespa was up 19.55 an hour ago. Now down 40 (-0.1%) to 55,995.

- IPC (Mexico City) up 412.36 (+0.94%) to 44,077.09

- Santiago Index IPSA was up 2.28. Now down 8.2 (-0.04%) to 4,432.14

- Merval Buenos Aires down 36.54 (-1.07%) to 3,380.78

In individual company news, ADRs of Empresa Nacional de Electricidad ( EOC ), also known as Endesa Chile, was up more than 1% after analysts at Bank of America raised their rating for shares of the electric utility to Neutral from Underperform.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: EOC

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