| Jesús González | ||||||
For investors in Latin American blue-chip stocks, trading in euros through the Madrid-based Latibex exchange looks increasingly attractive. Since operations started two years ago, Latibex has grown into the third-largest Latin American market.
Despite a poorly performing index, market capitalization has risen from e6 billion in December 1999 to over e80 billion ($70 billion) today, and it is expected to reach e100 billion this year. The number of quoted companies has grown from five to 15 – including Mexican telecoms América Móvil and Telmex and six banks from Argentina, Brazil, Mexico and Puerto Rico.
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