MILA MARKETS STATISTICS SEPTEMBER 2013

Transcription

1 MILA MARKETS STATISTICS SEPTEMBER 2013 SUCCESSFUL CLOSE TO MILA ANALYST DAY PERU The Lima Stock Exchange celebrated the close of the MILA Analyst Day. After two days of work, the committee consisting of representatives from the MILA stock markets and some of the top stock market agents from Peru, Chile and Colombia made a visit to the La Pampilla Refinery. The agenda included a presentation on the main aspects of refinery, and was led by Repsol Peru CFO Dante Blotte. One of the main speakers was Alfredo Thorne, director of the BVL and former managing director of the JP Morgan global investigation department. He underscored Peru's strong economic performance. According to the International Monetary Fund, Peru is one of the countries with the highest per capita economic performance, at almost 6%. Another highlight for stock market advisors at the MILA Analyst Day was the ability to receive direct information from the issuers regarding significant forthcoming projects. The conferences were led by prestigious issuing companies such as Graña y Montero, Rio Alto, Ferreycorp, Buenaventura, Pesquera Exalmar, Credicorp and NCF Inversiones. Event attendees included top executives and delegates from prestigious Peruvian, Chilean and Colombian institutes linked to the stock market. The MILA Analyst Day was the third and latest in a series of meetings in Chile, Colombia and Peru organized by the respective stock exchanges and central securities depositories of these countries, in order to bring together brokers with the main local issuing companies. MILA MARKETS STOCK EXCHANGE CAPITALIZATION The MILA markets stock exchange capitalization accumulated so far in the year a % variation, as it passed from $739,67 billion in December 2012, to $ billion in Compared to the last month, the indicator increased 2.50%, term in which it reached $ billion. The share/interest in the value of the listed companies by market, as of september s closing is distributed as follows: Chile 43.69%, Colombia 38.10%, and Peru 18.21%. $ $ Market Capitalization of MILA (Millions of US$) Chile Colombia Peru TOTAL TRADED VOLUME IN THE MILA MARKETS $ The total traded volume in the MILA markets reached in $5.91 billion, with a positive variation of 13.49% as compared to the previous month, term in which reached $ 5.20 billion. By interest percentage during the month, the BCS represents 60.45% ( $3.57 billion), followed by the BVC with 36.39% ( $2.15 billion) and the BVL with 3.16% ( $187 million). So far in 2013, the total volume traded in the MILA markets reached $58.69 billion. Total Volume Traded in MILA Markets (Millions of US$) $ $ 187 Chile Colombia Peru $

2 SANTIAGO STOCK EXCHANGE LAUNCHES FIRST ETF REPLICATING THE MAIN STOCK INDEX OF CHILE On August 29, the Santiago Stock Exchange launched the first ETF on the market, which replicates the profitability of the 40 stocks with the greatest presence on the Chilean market. The ETF, whose ticker symbol is CFMITNIPSA, is unprecedented in the local market and will facilitate implementation of investment strategies that seek exposure on the Chilean market. The CEO of the Santiago Stock Exchange, José Antonio Martínez, highlighted that this launch is the first step in the development of a new market of locally issued ETFs and constitutes an important landmark for the Santiago Stock Exchange as an important actor in the development of the market and in its commitment to expand the range of financial instruments, providing new and interesting business opportunities for foreign and local investors." One month after its launch, the IPSA ETF had already exceeded 23 million in traded volume, with average daily transactions of 1 million; managed shareholders' equity of 11 million; and over 1,760,000 units of ETF quotas in circulation, called CFMITNIPSA. ISSUERS AND ISSUES OF THE MILA MARKETS Throughout this term, seven issues were carried out in the MILA market. The issues belong to the Chilean companies, Besalco S.A., Empresas CMPC S.A., Clínica las Condes S.A., Compañía Sudamericana de Vapores S.A. and the Peruvian companies, Seguros Sura, Fosfatos del Pacífico S.A. and leasing Total S.A. At the end of 2013 the Latin American Integrated Market (MILA) had a total of 554 issuers. MUTUAL FUNDS CREATED TO INVEST IN MILA Total issuers MILA Market 226 Chilean Issuers 81 Colombian Issuers Country Type Issuer Total Issue ($US) Follow-on BESALCO S.A. $ Follow-on EMPRESAS CMPC S.A. $ Chile Follow-on CLINICA LAS CONDES S.A. $ Follow-on COMPAÑÍA SUD AMERICANA DE VAPORES S.A. $ Total Chile $ Perú Follow-on SEGUROS SURA (ANTES INVITA SEGUROS DE VIDA) $ Follow-on FOSFATOS DEL PACÍFICO S.A. - FOSPAC S.A. $ Follow-on LEASING TOTAL S.A. $ Total Perú $ Total Issues $ As of closing, the total amount collected by the six mutual funds in the integrated market reached $ million; this represents a 3.35% decrease compared to $21.3 million, previous month figure. Mutual funds Created to Invest in MILA Fund Amount Attracted (US $) BANCHILE ANDES $ Chile SURA - ACCIONES MILA (ex ACCIONES ANDINAS) $ BBVA - ANDINO $ Total in Chile (US $) $ Colombia SERFINCO MERCADOS GLOBALES $ Total in Colombia (US $) $ Perú BBVA FONDO ANDINO $ SURA MERCADOS INTEGRADOS $ Total in Perú (US $) $ Total Amount Attracted (US $) BROKERS AND AGREEMENTS OF THE MILA MARKETS $ Peruvian Issuers The ticker symbol for trading is: CFMITNIPSA Brokers in MILA MILA Chilean Brokers Colombian Brokers Peruvian Brokers Active Agreements in MILA Chile/Colombia 14 Colombia/Perú 15 Perú/Chile 14 Total Agreements i 43 As of the closing of the month, 34 brokers (with 43 agreements) remain active to report operations through the MILA infrastructure. The number of agreements did not register any variation in comparison to the previous month. 2

3 US $ MILA MARKETS INDEXES PERFORMANCE COLOMBIAN DERIVATIVES MARKET ENTERS THE FTSE RADAR The index that measures the performance of the integrated market, S&P MILA 40, accumulated a % variation so far in the year. Meanwhile, at the closing of of 2013, the local indices registered the following accumulated valuations: The IGBVL (Peru), presented a % variation, while the COLCAP (Colombia) reported a -4.39% variation and the IPSA (Chile) accumulated a % variation. FTSE, the British provider of stock market indices and other global analytic tools, recently published the list of markets that should be taken into account by investors because of their quality and development. In its latest report on countries and their markets, FTSE modified its rating for the Colombian derivatives market, upgrading its classification from "Not Met" to "Restricted". This increases Colombia's market visibility in the eyes of international investors and sets several challenges to overcome Comparative Performance of MILA Indexes Accrued january Regarding the upgrade in the derivatives market classification, BVC's CEO Juan Pablo Córdoba explained that "this is the result of a five-year promotion effort in which we have developed new tools and we have told the world of the huge advances that we have achieved together with brokers and other players in the industry." E-TRADING VOLUMES IN COLOMBIA REACH PEAK IN 2013 Stock trading on the Colombian Securities Exchange (BVC for its Spanish acronym) through e- trading totaled COP 426,727 million in the last month, the highest level obtained so far this year and 43.22% higher than the amount reported in the same period in 2012 when COP 297,944 million was traded through this tool. In terms of share, last month's e- trading volume represented 5.94% of all purchase and sale transactions on the local stock market with a total of COP 7.19 trillion. COLCAP IPSA IGBVL SPMILA MOST TRADED STOCKS IN MILA MARKETS $ $ $ $ $ $ $ Most Traded Stock in MILA Markets May 2012 $ So far in 2013, the most traded shares were: Ecopetrol S.A. ( $3.20 billion), Cencosud ( $ 2.87 billion), and A.F.P. Cuprum S.A. ( $ 2.60 billion). $ 255 $ - ECOPETROL S.A. CENCOSUD S.A. A.F.P. CUPRUM S.A. $ S.A.C.I. FALABELLA ENERSIS S.A. SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A., SERIE B LATAM AIRLINES GROUP S.A. PACIFIC RUBIALES ENERGY CORP BANCO SANTANDER-CHILE $ EMPRESA NACIONAL DE ELECTRICIDAD S.A. 3

4 56,14% 53,85% 51,16% 49,29% 46,66% 45,07% 86,90% 104,23% 341,69% 126,99% The most traded shares in in the MILA markets were: Compañía Cervecerías unidas S.A., with ( $404 million), followed by Pacific Rubiales Energy Corp ( $337 million), S.A.C.I Falabella ( $257 million), Ecopetrol S.A. ( $239 million) and Latam Airlines S.A. with ( $237 million). BVL AND UP PREPARE FUTURE SMALL INVESTORS The Lima Stock Exchange and Universidad del Pacífico awarded the winners of the third "Junior Investor Challenge," a competition that awards schools throughout Peru that obtained the highest profitability in the competition. An impressive 325 students participated. They were equipped with knowledge about the importance of the Peruvian stock market and had the opportunity to experience investing on the stock market. BVL CEO Francis Stenning highlighted the importance that the securities market has for young students, given that these competitions are preparing future investors and issuers. UNIVERSIDAD PACÍFICO AND BVL LAUNCH CAPITAL MARKET LABORATORY In order to modernize and provide new analytic and research tools for students and teachers linked to the business sector, the Lima Stock Exchange and Universidad del Pacífico today celebrated the first capital market laboratory in the country, aimed at undergraduate and postgraduate students at said university. BBVA CONTINENTAL CONGRATULATED FOR 60 YEARS ON THE STOCK MARKET BBVA Continental, one of the leading corporations for finances in Peru, received homage in the Lima Stock Exchange for completing 60 years on the national stock exchange. The ceremony took place with the traditional bell-ringing at the BVL, an event attended by representatives from both institutions. Most Traded Stock Chile Volumen () Colombia Volumen () Peru Volumen () COMPAÑÍA CERVECERÍAS UNIDAS S.A. $ PACIFIC RUBIALES ENERGY CORP $ GRAÑA Y MONTERO S.A.A. $ S.A.C.I. FALABELLA $ ECOPETROL S.A. $ ALICORP S.A.A. $ LATAM AIRLINES GROUP S.A. $ PF BANCOLOMBIA S.A. $ INTERCORP FINANCIAL SERVICES INC. $ ENERSIS S.A. $ PETROMINERALES S.A. $ FERREYCORP S.A.A. $ BANCO SANTANDER-CHILE $ PF GRUPO AVAL $ ENERSUR S.A. $ CENCOSUD S.A. $ ICOLCAP $ VOLCAN COMPAÑIA MINERA S.A.A. $ EMPRESAS COPEC S.A. $ CEMEX LATAM HOLDINGS $ MINSUR S.A. $ CORPBANCA $ PF GRUPO SURAMERICANA S.A. $ GOLD FIELDS LA CIMA S.A. $ EMPRESA NACIONAL DE ELECTRICIDAD S.A. $ GRUPO SURAMERICANA $ COMPAÑÍA MINERA MILPO S.A.A. $ SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A., SERIE B $ PF CEMENTOS ARGOS $ RIO ALTO MINING LIMITED $ STOCKS WITH HIGHEST RISE IN PRICE 120,00% 100,00% $ ,00% $ ,00% $ $ ,00% 20,00% $ ,00% $ $ Most Traded Stock in MILA Markets EMPRESA AZUCARERA "EL INGENIO" S.A. ELECTULUA S.A. EDATEL S.A. May 2012 PROMIGAS S.A. $ $ $ 255 $ - LIMA CAUCHO S.A. (ACCIONES DE INVERSIÓN) DUNAS ENERGÍA S.A.A. EMPRESA EDITORA EL COMERCIO S.A. GASCO S.A. PETROMINERALES S.A. CANACOL ENERGY S.A. $ So far in the year, the shares with highest increase in share price in the three MILA markets were: Empresa Azucarera El Ingenio S.A. with 341,69%, followed by Electulua S.A. (126,99%), Edatel S.A., (104,23%), promigas S.A., (86,90%) and Limacaucho S.A., with (56,14%). In, the shares with highest price increase were: Lima Caucho S.A. (169,72%),Electulua S.A. (126,99%), Edatel S.A. (104,23%), Petrominerales S.A. (80,67%) and Laboratorios Andromaco S.A. (55,20%). Stocks with Highest Rise Chile % Colombia % Perú % LABORATORIOS ANDROMACO S.A. 55,20% ELECTULUA S.A. 126,99% LIMA CAUCHO S.A. (ACCIONES DE INVERSIÓN) 169,72% CRUZBLANCA SALUD S.A. 35,16% EDATEL S.A. 104,23% ALTURAS MINERALS CORP. 33,34% BESALCO S.A. 30,95% PETROMINERALES S.A. 80,67% RIO CRISTAL RESOURCES CORPORATION 33,33% EMPRESAS IANSA S.A. 25,22% ENKA S.A. 23,38% TREVALI MINING CORPORATION 28,78% SALFACORP S.A. 22,68% CANACO ENERGY S.A. 14,44% BOLSA DE VALORES DE LIMA S.A. 22,39% INVERSIONES LA CONSTRUCCIÓN S.A. 22,41% PF CEMENTOS ARGOS S.A. 9,89% LIMA CAUCHO S.A. 20,30% BANCO DE CRÉDITO E INVERSIONES S.A. 22,15% CEMENTOS ARGOS S.A. 9,17% PANORO MINERALS LTD. 16,67% PAZ CORP S.A. 21,01% VALSIMESA S.A. 9,09% ENERGÍA DEL PACÍFICO S.A. 13,33% LATAM AIRLINES GROUP S.A. 19,03% CELSIA S.A. 8,95% TELEFONICA, S.A. 12,74% CFR PHARMACEUTICALS S.A. 18,71% CONCONCRETO S.A. 7,75% EMPRESA SIDERURGICA DEL PERU S.A.A. 12,00% 4

5 -85,00% -84,03% -72,29% -70,54% -70,00% -67,50% -66,67% -64,77% -63,87% -63,70% STOCK WITH THE GREATEST DROP IN PRICE 0,00% -10,00% $ ,00% -30,00% $ ,00% $ ,00% $ ,00% -70,00% $ ,00% $ ,00% -100,00% Stocks with Greatest Price Drop in MILA Markets 2013 $ May 2012 FABRICATO S.A. $ $ 255 $ - RIO CRISTAL RESOURCES CORPORATION MINERA IRL LIMITED CURAUMA S.A. DURAN VENTURES INC. ACERÍAS PAZ DEL RIO S.A. SUNSET COVE MINING INC. $ COMPAÑÍA DE MINAS BUENAVENTURA S.A.A. (BVN) SOCIEDAD MINERA EL BROCAL S.A.A. (BROCALC1) $ COMPAÑÍA DE MINAS BUENAVENTURA S.A.A. (BUENAVC1) So far in 2013, the shares with highest price decrease in the three MILA markets were: Fabricato S.A., with 85.83% devaluation, followed by Rio Cristal Resources Corp (-80,00%), Duran ventures Inc (-70,00%), Minera IRL Limited (-69,88%) and Paz del Rio S.A. (-67,50%). In, the shares with highest price decrease were: Zincore Metals Inc. (-28,11%), Southern legacy Minerals Inc. (-25,93%), Rio Alto Mining Limited (-23,00%), Banco AV Villas S.A. (-20,00%) and Madeco S.A. (-15,08%). Stocks with Greatest Drop Chile % Colombia % Perú % MADECO S.A. -15,08% BANCO AV VILLAS S.A. -20,00% ZINCORE METALS INC. -28,11% SOCIEDAD DE INVERSIONES ORO BLANCO S.A. -14,09% FABRICATO S.A. -11,30% SOUTHERN LEGACY MINERALS INC. -25,93% ESVAL S.A., SERIE C -11,69% PF AVIANCA TACA S.A. -9,36% RIO ALTO MINING LIMITED -23,00% AES GENER S.A. -10,51% BOLSA DE VALORES DE COLOMBIA S.A. -7,17% FILAMENTOS INDUSTRIALES S.A. -16,53% AZUL AZUL S.A. -9,93% BBVACOL S.A. -5,88% RIMAC SEGUROS Y REASEGUROS -15,38% PARQUE ARAUCO S.A. -7,86% ISAGEN S.A. -4,73% BPZ ENERGY -14,51% COCA-COLA EMBONOR S.A., SERIE B -7,07% MINEROS S.A. -4,62% MAPLE ENERGY PLC -12,16% AUSTRALIS SEAFOODS S.A. -5,88% CONSTRUCCIONES EL CONDOR S.A. -3,99% REFINERIA LA PAMPILLA S.A.A. - RELAPA S.A.A. -11,37% S.A.C.I. FALABELLA -4,61% VALOREM S.A. -3,45% EDEGEL S.A.A. -10,59% BANMEDICA S.A. -4,12% BANCO BOGOTÁ S.A. -3,40% SULLIDEN GOLD CORPORATION LTD. -10,58% MILA INFRASTRUCTURE STATISTICS SEPTEMBER 2013 OPERATIONS THROUGH THE MILA INFRASTRUCTURE $ $ $ $ $ $ $ $ Volume Traded through MILA Infrastructure Accrued May $ $ $ $ $ $

6 The accumulated operations through MILA infrastructure reached $ , with a total of operations. The most traded securities are the Chilean with a total of $ (68.12%), followed by the Colombians with a total of $ (22.72%) and the Peruvians with $ (9.16%). $ $ $ $ $ $ $ $ $ $ $ - $ $ - In, 220 operations were performed through the MILA infrastructure for a total of $ Peru represented the highest participation percentage on the operations carried out, with 71.69% ( $ ), followed by Chile with 27.77% ( $ ) and by Colombia with 0.54% (US$ ) STOCK MOST TRADED THROUGH THE MILA INFRASTRUCTURE $ In, the three most traded shares through the MILA infrastructure were: Ecopetrol S.A., with $ , followed by Aesgener S.A. ($ ) and Aguas Andinas S.A. ( $ ). Since the initiation of operations of MILA, the most traded shares through the MILA infrastructure were: S.A.C.I. Falabella, with a cumulative amount of $ , followed by Ecopetrol S.A. ($ ), Aguas Andinas S.A. Serie A ($ ), Pacific Rubiales Energy Corp ( ) and Empresa Nacional de Telecomunicaciones S.A. ($ ). Most traded stock in MILA markets - Septemeber ($US) Most traded in MILA markets - Accrued ($US) ECOPETROL S.A. $ S.A.C.I. FALABELLA $ AESGENER S.A. $ ECOPETROL S.A. $ AGUAS ANDINAS S.A. $ AGUAS-A $ ENTEL S.A. $ PACIFIC RUBIALES ENERGY CORP $ SONDA S.A. $ ENTEL S.A. $ GRUPO NUTRESA S.A. $ SONDA S.A. $ PF BANCOLOMBIA S.A. $ SIGDO KOPPERS S.A. $ PAZ S.A. $ FERREYCORP S.A.A. $ SIGDO KOPPERS S.A. $ GRUPO NUTRESA S.A. $ BANCOLOMBIA S.A. $ GRAÑA Y MONTERO S.A.A. $ SECRETARÍA MILA secretariamila@mercadointegrado.com * The Information published in the newsletter Mila News is provided by the stock exchanges participants from the Integrated Latin American Market. The statistics of the trading volume in the MILA markets reported in the newsletter, may have variations in the event of annulations or cancellations of operations in the respective markets. 6