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EMERGING MARKETS-Brazil stocks drop on profit-taking, options expiry eyed
2013年6月14日 / 下午3点13分 / 4 年前

EMERGING MARKETS-Brazil stocks drop on profit-taking, options expiry eyed

* Options on shares expire Monday for Brazil's Bovespa
    * Brazil IBC-Br economic activity data better than expected
    * Bovespa falls 0.79 pct, Mexico IPC down 0.18 pct

    By Asher Levine
    SAO PAULO, June 14 (Reuters) - Brazilian stocks fell on
Friday as investors took profits a day after the index rose its
most in three months, with investors jockeying for position
before the expiration of options on shares.
    Mexico's IPC index dropped to a level it has not
closed below in nearly 10 months, while Chile's bourse 
edged higher.
    "Yesterday we had an important technical movement, but we
have the expiration of options on Monday. That should cause some
oscillation in shares today," said Fabio Goncalves, a broker
with Banrisul Corretora in Porto Alegre, Brazil. 
    Brazil's benchmark Bovespa stock index fell 0.79
percent for the fifth session in six.
    But it erased only a fraction of the previous session's 2.5
percent leap spurred by a Wall Street rally on
stronger-than-expected U.S. economic data.
     Economic activity in Brazil rose slightly more than
expected in April according to central bank data released
    "The data has two sides to it: It's good for GDP but it puts
pressure on inflation, which is a big concern in the market,"
Goncalves added.
    * Shares of Banco do Brasil rose 1.5 percent after the
company announced it would conduct a share buy-back program.
    * Homebuilders declined following strong gains in Thursday's
session, with shares of Gafisa SA down about 4
percent and MRV Engenharia SA slipping 2.5 percent.
    * Mexico's IPC index edged lower as shares of
telecommunications firm America Movil, controlled by
billionaire Carlos Slim, dropped 0.6 percent.
    * Retail giant Wal-Mart de Mexico rose 0.5
percent after the company said it has started looking into
selling its Vips restaurant business as it seeks to shed
non-core assets. 
    * Shares of hotel group Hoteles City Express fell
slightly to 23.45 pesos in their opening day of trading. The
initial public offering for the shares was priced at 24 pesos.
    * Chile's IPSA index rose for the second straight
session, led by a 0.7 percent rise in shares of conglomerate
    Latin America's key stock indexes at 1433 GMT:
 Stock indexes                            daily %     YTD %
                                Latest     change    change
 MSCI LatAm                    3,319.53      0.47       -13
 Brazil Bovespa               50,018.79     -0.79    -17.94
 Mexico IPC                   39,411.44     -0.18     -9.83
 Chile IPSA                    3,989.19      0.19     -7.26
 Chile IGPA                   19,829.59       0.2     -5.89
 Argentina MerVal              3,232.19     -0.36     13.24
 Colombia IGBC                13,097.86      0.19    -10.99
 Peru IGRA                    16,363.97       0.1    -20.68
 Venezuela IBC               857,208.50     -0.81     81.83

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