The titles of the vivienderas continue to win on the Stock Exchange

Since September 19, the securities of the eight housing developers listed on the Mexican Stock Exchange (BMV) have recorded mixed variations.

The one that accumulates more profits is Homex, with 80.56% that have taken to their papers to levels of 1.43 pesos. The issuer announced on Monday a capitalization of 819 million pesos and the restructuring of its debt for 3,300 million pesos.

Consorcio Geo is the second highest performing issuer, despite the fact that it announced that one of its subsidiaries has returned to a commercial tender and continues to have liquidity problems. During this period, its shares have rallied 53.44%, going from a unit price of 1.39 to 2.01 pesos.

Urbi shares have also appreciated to 8.18 pesos per unit, up 13.55 percent.

Cadu, Consorcio Ara and Javer have profits of 6.25, 4.49 and 2.35 percent, respectively. The price of Vinte remains unchanged at 26.29 pesos ..

Analysts said the bullish movements in the last two weeks were due to natural market movements, but they did not rule out that events like the September 7 and 19 earthquakes could be driving the gains.

Yesterday was another day of profits for the women who have experienced financial problems and except for Sare, have left the market.

Homex won 16.26%, at 1.43 pesos; followed by Sare with an advance of 6.74% that led to their roles will be placed at 10 cents per unit.

The winners also were Geo and Urbi, with increases in the price of their titles of 6.35 and 2.38 percent.

JOINT

"There could be government support in the short term with more subsidies that could encourage housing development in the affected areas," Signum Research, Armando Rodríguez, said.

This coincided the manager of Strategy and Stock Market Analysis at Marlin Investment Group, Rodrigo Coss: "We hope to see what dynamics the government has to help rebuild housing, it could be through subsidies."

At this juncture, more than one company listed on the BMV could be benefited by a rise in demand for housing, particularly for those operating in the affected entities.

SECTOR WITH HIGH RISK

However, analysts believe that investing in the sector's values ​​is still very risky.

"Investors who have stratospheric handicaps are looking for the opportunity to get their investments, but there are others who are more risky, who will seek to take positions," said Rodrigo Coss.

ACTIONS OF QUALITES RESIST THE STRONG SEISM

The stock price of insurer Quálitas has remained stable and has not reflected any impact after the September 19 earthquake.

From that day until the close of this Wednesday on the Mexican Stock Exchange (BMV), the main auto insurer's papers in the country have gone from 29.99 pesos to 30.01 pesos per unit.

The station reported that up to September 30 it received 460 reports of casualty related to the tremor that mainly affected Mexico City, Morelos, Estado de México, Puebla, Oaxaca, Guerrero, San Luis Potosí and Hidalgo.

"The reserve created for these claims amounts to less than 1% of the average monthly claims amount recorded by Quálitas and the impact on results is not significant," he said in a statement sent to the BMV on Monday.

The station remains the main auto insurer, with 33.5% of the auto insurance market, with 3.8 million vehicles insured until last June. Net income reached 468 million pesos, with figures for the second quarter of the year.

"Preliminary loss estimates for the insurance and reinsurance industry, related to the September 19 earthquake, range widely from $ 1.2 billion to $ 4.8 billion," according to an analysis by the independent financial analysis firm and Stock Market, Signum Research.

It adds that the insurance sector is far from any financial risk, however, in the coming quarters there could be a reduction in profits.

The insurers with the largest share of catastrophe premiums in the country are Axa Seguros, Seguros Banorte, Inbursa and GNP.