Referenced Stocks

Latin American Markets Mostly Lower; Pressured By Energy, Financial Stocks

By Midnight Trader,  September 25, 2012, 01:04:15 PM EDT

Latin Market markets are mostly lower today, with the Merval Buenos Aires one of the few exceptions, amid declines among energy producers. Financial stocks also are mostly lower while consumer stocks are showing up a bit higher.

Here's where the regional markets stand today:

- Ibovespa down 1,274 (-2.1%) to 60,636.

- IPC (Mexico City) has lost earlier gains and is now down around 28.6 points (-0.1%) to 40,528.

- Santiago Index IPSA down 20.57 (-0.5%) to 4,190.5

- Merval Buenos Aires up 27.10 (+1.1%) to 2,558.85.

In ADR news, NII Holdings Inc. ( NIHD ) is down 5% today with the Latin American mobile-phone carrier launching its 3G, or third-generation, mobile-phone network in Mexico. The move put NIHD in direct competition with America Movil SAB dominates, majority-owned by Carlos Slim, the world's richest man.




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.


This article appears in: Investing, Commodities

Referenced Stocks: NIHD



Latest News Video

10-Foot-Tall Robocop Statue Coming to Detroit
10-Foot-Tall Robocop Statue Coming ...
McDonald's Employee Sees Her Stolen Car in Drive-Thru
McDonald's Employee Sees Her Stolen...
Venezuela Has Toilet Paper Shortage
Venezuela Has Toilet Paper Shortage
Law Professor Calls For Cutting of 'C' Grades
Law Professor Calls For Cutting of ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%