Latin American Stocks Mixed as Mining, Energy Gains Offset Other Sector Losses

By Staff,

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Latin American stocks are mixed today with gains for mining and energy stocks helping offset declines for selected financial and consumer stocks. Utilities also are higher today.

Here's where the major Latin American market indices stand:

Ibovespa up 596.98 (+0.94%) to 64,125.6289

IPC down 526.05 (-1.32%) to 39,398.88

Santiago Index IPSA up 5.33 (+0.12%) to 4,639.92.

Merval Buenos Aires down 48.04 (-1.84%) to 2,557.46.

Among individual companies, Uranium Energy Corp. ( UEC ) CEO Amir Adnani said in an interview with The today that Chinese and Indian demand continues to bolster uranium prices. He also said the industry needs more producers but explained there are considerable barriers keeping new companies from entering the market. UEC shares are up around 1.5% today.

Also, U.S.-listed shares of Brasil Foods S.A. ( BRFS ) are down 1% today with Standard & Poor's late yesterday assigning a BBB- rating to the company's long-term debt, the third of the three major rating agencies lifting the meat processor to Investment Grade.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: BRFS , UEC

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