The optimism registered in the week in the international markets sustained local stocks, generating gains of 3.23% in the week.
We were not there for half a month in 2019, but at the moment, January is on the Santiago Stock Exchange. And is that, after a turbulent 2018 for the global markets in general, the local parquet is in a series of victories, while some successful roles reclaim the ground.
At the close of operations on the capital's wheel, the benchmark S & P / CLX IPSA index increased 1.1% compared to yesterday, standing at 5,355.98 points. With this, the selective adds a profit of 3.23% on the week.
With its rise today, the major stock market and sum 11 consecutive days of progress, its largest sequence since March 2015.
The national stock market benefited this week from a more favorable environment for risky assets around the world, with moderation in fears about the US-China trade war and a Federal Reserve that seems more cautious. with the rate increase in the United States.
In this context, the appetite for risk among investors has recovered, raising the price of emerging currencies, commodities and stock markets.
In addition, there is the contingency of the largest market in the region: Brazil, whose change of command This has given an additional boost to Latin American stock markets so far this month.
"The national stock market has been favored mainly by the Brazilian elections," explained Alexis Osses, senior strategist at BCI Corredores de Bolsa, in an information capsule.
This has mainly benefited, he said, the roles of companies that are exposed to the country. "Latam and Enel Americas account for the bulk of IPSA's January high," he said.
Top winners of the week
Four IPSA companies were able to register increases of more than 7% during the week, demonstrating the good momentum of Chilean companies in the stock market.
First, there is Latam Airlines, which, according to analysts, continues to benefit its high exposure to the Brazilian market, in a context where investors are rewarding assets linked to the country, awaiting the reforms outlined by President Jair Bolsonaro to ease the state's finances. The paper rose 7.38% in the week.
Empresas Copec continues with an appreciation of 7.29%, recovering after falling more than 7% during December before fearing that pulp would follow the downward path of the rest of the commodities; and then there's the SQM B series, which is also jumping after finding its lowest value in more than a year, amid questioning prospects for the price of lithium.
The quartet of big winners is finalized by Cencosud, up 7.10%, which has also been influenced by the good prospects of Brazil, they say of the market.