February 20, 2016 / 12:25 AM / in 2 years

EMERGING MARKETS-Colombian peso weakens on oil; currencies rise in Mexico, Brazil

By Bruno Federowski and Paula Arend Laier
    SAO PAULO, Feb 19 (Reuters) - The Colombian peso slid on
Friday amid falling oil prices, while Brazil and Mexico's
currencies posted gains. 
    In Colombia, the currency weakened 0.44 percent to
3354.1 pesos per dollar.  
    The Brazilian real strengthened 0.60 percent and the Mexican
peso  was up 0.30 percent.
    Mexico's peso posted its biggest weekly gain since 2011
after the central bank announced a surprise currency
intervention and interest rate hike. 
    Mexican authorities have said they could directly intervene
again in the foreign exchange market. Strategists said that
threat should help the peso stabilize after being one of the
worst-performing currencies in the world earlier this year. 
    Brazilian stocks rebounded after dropping earlier in the day
as oil prices resumed their decline, while shares of Santander
Brasil SA slumped after rival Citigroup Inc 
announced plans to exit retail banking operations in Brazil,
Argentina and Colombia.
    Citigroup's move means Spanish Banco Santander SA's 
Brazilian unit will be the last foreign bank in an increasingly
concentrated market. 
    In addition, Friday was the first day that many Santander
Brasil executives were allowed to sell shares from their stock
options, according to a source familiar with the matter.
    Shares of BM&F Bovespa SA fell after Brazil's
sole financial exchange posted an unexpected fourth-quarter loss
on impairment charges. 
    Traders also assessed the implications of a potential
acquisition of rival clearinghouse Cetip SA Mercados Organizados
    Latin American stock indexes and currencies at 2100 GMT:
 Stock indexes                             daily %
                               Latest       change
 MSCI Emerging Markets            740.98      -0.7
 MSCI LatAm                      1751.95     -1.03
 Brazil Bovespa                 41543.40      0.16
 Mexico IPC                     43375.31     -0.32
 Chile IPSA                      3755.26     -0.34
 Chile IGPA                     18411.73     -0.26
 Argentina MerVal               11826.05     -1.37
 Colombia IGBC                   9022.84     -0.23
 Venezuela IBC                  16351.15      1.97
 Currencies                                daily %
 Brazil real                      4.0217      0.60
 Mexico peso                     18.2250      0.30
 Chile peso                          700      0.50
 Colombia peso                    3354.1     -0.44
 Peru sol                         3.5161     -0.26
 Argentina peso (interbank)      15.0650      0.03
 Argentina peso (parallel)         15.28      0.46

 (Reporting by Bruno Federowski, Paula Arend Laier, Nelson
Bocanegra, Jean Luis Arce and Michael O'Boyle; Editing by Daniel
Flynn, Meredith Mazzilli and Leslie Adler)
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