Brazil equities mixed on latest economic forecast

NEW YORK (MarketWatch) -- Brazilian stocks were mixed Wednesday on reports the country will cut its growth forecast. The Ibovespa index /zigman2/quotes/210597947/delayed BR:BVSP +2.78% fell 103.75, or 0,19% to 53,602.07 in recent action after trading higher earlier in the day. Shares of Airlines GOL Linhas Aereas Inteligentes , Internet Retailer B2W and homebuilder Gafisa /zigman2/quotes/207780675/delayed BR:GFSA3 +1.52% were among top gainers. Stocks of aircraft manufacturer Embraer SA /zigman2/quotes/201576050/delayed BR:EMBR3 +2.73% /zigman2/quotes/201881360/composite ERJ +4.22% plummeted 4.5% on the reports that its backlog of firm orders fell to a six-year low in the second quarter. Mexico's IPC /zigman2/quotes/210597945/delayed MX:IPC +0.81% rose 0.2% to 40,140. Finance, communication and retail trade supported the index. Shares of local bank Grupo Financiero Banorte /zigman2/quotes/208734681/delayed MX:GFNORTEO +1.76% and Grupo Elektra /zigman2/quotes/210328603/delayed MX:ELEKTRA +0.09% gained 1.5% each. Chile's IPSA /zigman2/quotes/211756426/delayed CL:SPIPSA +1.30% traded up 0.21%.

/zigman2/quotes/210597947/delayed

Add to watchlist BR:BVSP

BOVESPA Index

BR : Brazil Bovespa

112,764

+3,046 +2.78%

Volume: 0.00

Aug. 12, 2022 5:18p

/zigman2/quotes/207780675/delayed

Add to watchlist BR:GFSA3

Gafisa S/A Ord

BR : Brazil: Bovespa

R$ 1.34

+0.02 +1.52%

Volume: 5.25M

Aug. 12, 2022 5:06p

P/E Ratio

6.49

Dividend Yield

N/A

Market Cap

R$451.78 million

Rev. per Employee

R$1.98M

/zigman2/quotes/201576050/delayed

Add to watchlist BR:EMBR3

Embraer S.A.

BR : Brazil: Bovespa

R$ 14.69

+0.39 +2.73%

Volume: 6.77M

Aug. 12, 2022 5:07p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

R$10.79 billion

Rev. per Employee

R$1.32M

/zigman2/quotes/201881360/composite

Add to watchlist ERJ

Embraer S/A ADR

US : U.S.: NYSE

$ 11.60

+0.47 +4.22%

Volume: 3.23M

Aug. 12, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$2.12 billion

Rev. per Employee

$251,126

/zigman2/quotes/210597945/delayed

Add to watchlist MX:IPC

IPC Indice de Precios Y Cotizaciones

MX : Mexico BMV

48,853.37

+392.82 +0.81%

Volume: 119.22M

Aug. 12, 2022 3:16p

/zigman2/quotes/208734681/delayed

Add to watchlist MX:GFNORTEO

Grupo Financiero Banorte S.A.B. de C.V. Series O

MX : Mexico

$ 123.49

+2.13 +1.76%

Volume: 5.19M

Aug. 12, 2022 3:13p

P/E Ratio

8.86

Dividend Yield

N/A

Market Cap

$356.08 billion

Rev. per Employee

N/A

/zigman2/quotes/210328603/delayed

Add to watchlist MX:ELEKTRA

Grupo Elektra S.A.B. de C.V.

MX : Mexico

$ 1,153.11

+1.04 +0.09%

Volume: 26,173

Aug. 12, 2022 3:13p

P/E Ratio

N/A

Dividend Yield

0.45%

Market Cap

$262.03 billion

Rev. per Employee

$2.30M

/zigman2/quotes/211756426/delayed

Add to watchlist CL:IPSA

S&P IPSA (Chile)

CL : Chile: Santiago

3,324.62

+42.52 +1.30%

Volume: 4.30B

Aug. 12, 2022 4:54p