Weg, Sul America, Grupo Mexico, Maple Energy: Latin America Equity Preview
Stock Chart for Sul America SA (SULA3)
The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index gained 1.4 percent to 3,652.06. In Brazil, preferred shares usually are the most-traded class of stock.
Weg SA (WEGE3 BS): Weg Equipamentos Eletricos SA, a unit of Weg SA, the Brazilian industrial-machinery maker, signed an agreement to acquire Instrutech, a producer of automation systems, according to a regulatory filing. Weg rose 2.6 percent to 16.92 reais.
TPI - Triunfo Participacoes e Investimentos SA (TPIS3 BS): The Brazilian highway and port operator said its board approved the sale of 133.5 million reais in local bonds, according to a regulatory filing. TPI increased 5.1 percent to 5.14 reais.
Sul America SA (SULA11 BS): Fitch Ratings upgraded the international and national long-term ratings of Sul America SA, the holding company of Brazilian insurer Sul America Seguros, to BB+ from BB, with a stable outlook. Sul America rose 0.2 percent to 45.50 reais.
Grupo Mexico SAB de CV (GMEXICOB MM): Southern Copper Corp., a unit of Grupo Mexico, expects to reach full production capacity at its Cananea mine, the largest mine in Mexico, next year, Chief Executive Officer Oscar Gonzalez Rocha said yesterday at the sidelines of the Bloomberg Peru Economic Summit in Lima. Grupo Mexico gained 1.3 percent to 29.76 pesos.
Maple Energy Plc. (MPLE PE): Peru and Brazil may sign an energy agreement within weeks that would allow private companies to spend about $15 billion on energy plants to supply the two countries, Deputy Energy Minister Daniel Camac said yesterday at the Bloomberg Peru Economic Summit in Lima. Maple, which produces and distributes natural gas in Peru, was unchanged.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.