BOLSA BOOM
BusinessWeek | 2009-09-24 16:02:37
<div><h1> BOLSA BOOM
</h1><p>Mexico's Bolsa Index hit a 15-month high on Sept. 15. Despite the government's budget woes and an economy forecast to shrink 7.7% in 2009--the biggest decline since the 1930s--"the worst appears to be over," says Citigroup analyst Eduardo Estrada Lopez.</p><p>
That's good news for Wal-Mart de Mexico, whose shares make up about 14% of the index. Lopez expects the stock to rise about 10%, to 54 pesos, as it gains market share. HSBC analyst Richard Dineen is bullish on wireless operator America Movil, which makes up 22% of the Bolsa. He has a target of 40 pesos; the stock trades at 31.</p><p>
The fund T. Rowe Price Latin America has more than 20% in Mexican stocks. It's up more than 100% since March, but Morningstar analyst William Samuel Rocco says it "has a longer-term focus" than rivals. Still, the fund is risky: It lost 56% in 2008. </p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=59640558&bid=informcom" /></div><div id="copyright"><div>
That's good news for Wal-Mart de Mexico, whose shares make up about 14% of the index. Lopez expects the stock to rise about 10%, to 54 pesos, as it gains market share. HSBC analyst Richard Dineen is bullish on wireless operator America Movil, which makes up 22% of the Bolsa. He has a target of 40 pesos; the stock trades at 31.</p><p>
The fund T. Rowe Price Latin America has more than 20% in Mexican stocks. It's up more than 100% since March, but Morningstar analyst William Samuel Rocco says it "has a longer-term focus" than rivals. Still, the fund is risky: It lost 56% in 2008. </p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=59640558&bid=informcom" /></div><div id="copyright"><div>
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