Referenced Stocks

Latin American Stocks Mostly Lower as Energy, Mining Stocks Retreat

By Midnight Trader,  October 03, 2012, 01:22:35 PM EDT

The Latin American markets are mostly lower today as energy stocks, and to a lesser degree, shares of mining companies, are falling. Financial stocks also are trending lower.

Here's where the regional markets stand today:

- Ibovespa down 234.6 (-0.4%) to 58,987.

- IPC (Mexico City) down 104.8 (-0.25%) to 41,094.5.

- Santiago Index IPSA up 9.04 (+0.21%) to 4,254.43.

- Merval Buenos Aires down 14.63 (-0.6%) to 2,450.11.

In ADR news, Petrobras Argentina SA ( PZE ) is down 4.7%, posting one of the largest declines among Latin American stocks listed in the U.S. markets and the state-owned petroleum company completing a 2-for-1 stock split prior to today's market open. Separately today, PZE shares were upgraded to Hold from Sell at TheStreet Raings, citing rising net income and largely solid financial position.




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: PZE



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