Latin American markets are mostly lower late Monday, with shares
of Brazilian stocks now down less than 100 points, paring most of
an 400-point loss earlier today after again stalling short of its
54,000 technical barrier. Shares of financial companies, including
a 1% decline for Itau Unibanco Holding S.A. (
), were getting caught up in the sell-off as traders apparently
take advantage of recent advances for profit-taking.
But state-owned energy giant Petroleo Brasileiro SA (
), also known as PetroBras, has reversed its early decline and is
now up about 0.9% this afternoon. Other energy and mining stocks
also are higher today as commodity prices rebound today.
Here's where the regional markets stand this afternoon:
- Ibovespa was down 89.34. Now down 76.32 (-0.14%) to
- IPC (Mexico City) has lost earlier gains and is now down 55.05
points (0.13%) at 42,752.
- Santiago Index IPSA now down 3.42 (-0.1%) to 4,303.5.
- Merval Buenos Aires up 21.1 (+0.6%) to 3,465.6.
In other company news, U.S.-listed shares of Grupo Aeroportuario
del Sureste (
) are down 6.5% with the Mexican airport operator today saying its
Q1 passenger traffic rose 8.53% year over year.
Total revenues increased by 6.88%, including a 7.22% rise in
aeronautical revenues and 7.75% in non-aeronautical revenues.
Construction services revenues fell 0.1%. Commercial revenues per
passenger declined by 0.54% to Ps.74.24, or about $5.87 per
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