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Article: Brazil: Bovespa is the cheapest stock market in Latin America.
- Article from:
- South American Business Information
- Article date:
- September 24, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Sep 21, 2001
The Bovespa (Bolsa de Valores de Sao Paulo) is the cheapest stock market in Latin America. The Economatica company has done a study which shows the the price of shares in the market over the profits of companies (P/L). The
indicator shows over how many years the investor will get a return on the total capital invested in the share. The lower the
number, the cheaper were the shares at the time of purchase. The current number for the Bovespa is 7.53, as opposed to 8.76 for Argentina and 25.43 for the USA. The chief analyst of the HSBC Investment Bank says that there is no justification for such a low
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