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Anhanguera, Gol Linhas, MPX Energia: Brazilian Equity Movers

By Tian Huang

Nov. 10 (Bloomberg) -- The following companies are having unusual price changes in Brazil trading. Stock symbols are in parentheses. Preferred shares are usually the most-traded class of stock, and prices are as of 9:08 a.m. in New York.

The Bovespa index fell 0.5 percent to 65,912.13.

Anhanguera Educacional Participacoes SA (AEDU11 BS) dropped 0.1 percent to 21.98 reais. The Brazilian administrator of private universities said it plans to convert as many as 164.7 million voting shares into preferred stock. Shareholders will vote on the conversion on Nov. 25, Anhanguera said.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS) rose 1.2 percent to 20.75 reais, extending its gains for a sixth day. Brazil’s second-biggest airline posted a third-quarter profit of 77.9 million reais ($45.5 million), more than the 58.2 million reais expected, according to the median of three analysts surveyed by Bloomberg News.

MPX Energia SA (MPXE3 BS) sank 3.1 percent to 24.93 reais after falling by as much as 4.7 percent earlier. The energy company controlled by billionaire Eike Batista posted a net loss of 91.3 million reais in the third quarter. The loss compares with 28.3 million reais net income a year earlier, MPX said in a filing to Brazil’s securities regulator today.

Telecomunicacoes de Sao Paulo SA (TLPP4 BS) retreated 0.1 percent to 45.78 reais, the first drop in five days. The Brazilian unit of Telefonica SA is issuing up to 6 billion reais of promissory notes in a public offer to finance the purchase of GVT (Holding) SA.

Vale SA (VALE5 BS) fell 0.7 percent to 42.72 reais. The world’s largest iron-ore producer dropped as metal prices declined. The Bloomberg Base Metals 3-Month Price Commodity Index decreased 0.6 percent.

To contact the reporter on this story: Tian Huang in New York at thuang57@bloomberg.net

Last Updated: November 10, 2009 09:53 EST

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