The Latin American stock markets closed 2021 disparate. The Mexican Stock Exchange and the Buenos Aires Stock Exchange stood out with the highest earnings.
The Argentine Stock Exchange (Merval) shot up during 2021, ending at 83,500.11 units, presenting the highest increase of all with 63%, followed by the BMV, whose main index, the S & P / BMV IPC, closed the year with an increase of 20.89%, ending at 53,272.44 points.
Carlos Hermosillo, an independent analyst, explained that Argentina has the comparative advantage, since it comes from a period complicated by external issues, like most stock markets, but it had also been affected by very complex internal issues that little by little seem to be resolved.
Something similar happens in the case of the Mexican market. Janneth Quiroz, deputy director of Economic Analysis at Monex, commented that in Mexico, the economy has been recovering and has gained ground, in such a way that companies have presented profits compared to last year’s levels.
The Chilean Stock Exchange barely increased 2.94% in its main index, the S&P CLX IPSA, which ended at 4,300.12 integers, while the Lima Stock Exchange rose 1.39% during 2021, closing at 21,111.73 points.
The biggest drop was in the Brazilian Stock Exchange (Bovespa), in 104,822 units, a fall of 11.93% in the year.
Quiroz said that “Brazil had a complicated 2021, as its economy began to stagnate from the second quarter, observing a greater aversion to risk, as well as social unrest.”