JBS, Marcopolo, Randon and Vale: Latin American Equities Markets Preview

The following companies may have unusual price changes today in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index rose for a seventh day, gaining 0.7 percent to 3,897.69. In Brazil, preferred shares usually are the most-traded class of stock.


JBS SA (JBSS3 BS): The world’s biggest beef producer said its board approved a plan to buy back as many as 68.4 million of its common shares during the period of one year, according to a regulatory filing. JBS gained 2 percent to 8.16 reais.

Randon SA Implementos e Participacoes (RAPT4 BS): A government official said Brazil plans to extend until December tax cuts on the sale of trucks, tractors and pick-up trucks to boost sales. Randon, an auto-parts maker, was unchanged at 9.58 reais. Marcopolo SA (POMO4 BS), a truck and bus manufacturer, increased 1.5 percent to 8.72 reais.

Vale SA (VALE5 BS): The world’s largest iron-ore producer may seek to exchange assets with Aquila Resources Ltd. as the companies try to settle a dispute over two coal projects in Australia’s Queensland state, the Australian Financial Review reported, citing Vale spokesman Noel Herley. Vale fell 1 percent to 41.80 reais.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

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