Daily Colombian Equities Bulletin and Fundamentals 09-09-13
Ideas get bigger when you share them...
September 10, 2013 (www.investorideas.com newswire) USA markets finished strong during the first session of the week. The Dow Jones had its best day in the last two months (0.94%), while S&P climbed 1.0%. Better than expected export´s data from China boosted the markets despite the ongoing uncertainty regarding a military action in Sirya. On the other hand, LatAm markets had a positive performance as well with indexes rallying even above 2% ( Chile and Mexico ).
In the local front, the COLCAP index advanced 0.93% to 1,752.7 driven mostly by regional markets´ performance. The market has remained resilient despite not having a major positive catalyst, and we believe that there could be a positive short term rally as the COLCAP was able to surpass the 1,750 key resistance level. As we mentioned before, this could lead to an extension of the upward movement to a new resistance level that we place at 1,800.
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