The Latin American markets are mostly lower - the Merval Buenos
Aires market is leading those that have managed to stay positive -
with declines among shares of mining companies joining dips by most
financial stocks to drag the primary market gauges underwater.
Gains for energy stocks are working to limit losses.
Here's where the regional markets stand today:
- Ibovespa down 697.84 (-1.2%) to 57,138.94.
- IPC (Mexico City) down 61.56 (-0.15%) to 41,816.06.
- Santiago Index IPSA down 3.68 (-0.09%) to 4,232.44.
- Merval Buenos Aires now up 1.07 (+0.05%) to 2,377.56.
In company news, ADRs of Banco Bilbao Vizcaya Argentaria SA (
) are steady today at $8.06 each after Oriental Financial Group
) today priced an underwritten public offering of 4.39 million
shares of its common stock at $11.10 each and generating about
$48.7 million in gross proceeds. OFG plans on using net proceeds to
fund a portion of its previously announced acquisition of BBVA's
Puerto Rico-based operations.
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