Nov. 6 (Bloomberg) -- Brazil s stock exchange posted its interest rates will spur profits.
month, the exchange said on its Web site today.
International and sold 16.9 billion reais. It was the biggest inflow since Brazil s economy, the largest in Latin America, will expand percent in 2005, according to the median forecast of economists in a weekly central bank survey released Oct.
30. Growth coupled investors to Brazil s stock market, said William Landers, who manages $4 billion of Latin American assets for Blackrock Inc.
``It s a modest level of growth, but it s good, Landers said in an interview from Plainsboro, New Jersey.
``This level drive some sectors to perform very well.
rate 6 percentage points since September 2005 to 13.75 percent, the lowest in at least two decades.
The Bovespa index has gained 39 percent since the rate cuts began.
sectors linked to local consumption, such as the real estate industry, Landers said. Shares in developer Cyrela Brazil Realty SA Empreendimentos e Participacoes, the first Brazilian real estate company to list shares on the stock exchange, gained 19 trading in September last year.
interest rates and inflation down. Lula won re-election in a run-off vote on Oct. 29.
are looking more into the fundamentals of the market, and Brazil is one of the best stories, Landers said.
The Bovespa is trading at 10.7 times estimated earnings, Hang Seng index, according to Bloomberg data.
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