Kroton, Pampa Energia, Petrobras, Televisa: Latin America Equity Preview
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 dropped 2.7 percent to 3,963.97. In Brazil, preferred shares usually are the most- traded class of stock.
Pampa Energia SA (PAMP AF): Argentina’s biggest electricity generator and distributor had a net loss of 82 million pesos for the first six months of the year, according to a statement posted after the close of trading yesterday on the Buenos Aires exchange’s website. It didn’t give separate second-quarter results. Pampa slid 1.8 percent to 1.63 pesos.
Itau Unibanco Holding SA (ITUB4 BZ): Brazil’s largest bank by market value said it started a private banking services unit in Switzerland. The shares dropped 2.2 percent to 37.47 reais.
Marisol SA (MRSL4 BS): The Brazilian textile maker said it named Ivanildo Paulo Krause chief financial officer. The shares rose 1.7 percent to 3.05 reais.
Petroleo Brasileiro SA (PETR4 BZ): The state-controlled oil company said it will halt operations on its P-33 floating platform in October for maintenance. The shares dropped 3.2 percent to 27.5 reais.
Ultrapar Participacoes SA (UGPA4 BZ): The Brazilian fuels and petrochemicals group said second-quarter profit rose 110 percent to 196 million reais. The shares fell 1.1 percent to 91.08 reais.
AFP Habitat SA (HABITAT CC): The pension fund’s controlling shareholder will place as many as 140 million shares on the Santiago exchange at 9:15 a.m. New York time after taking orders in the previous three days, according to a statement posted on the exchange’s website. Inversiones La Construccion Ltda, a holding company owned by Chile’s Construction Chamber, is selling the shares. Habitat slid 0.9 percent to 447 pesos.
Grupo Televisa SA (TLEVICPO MM): Congress asked the federal government to void an auction for wireless airwaves in which Televisa and partner NII Holdings Inc. had the top bid. The Spanish-language broadcaster fell 1.4 percent to 48.9 pesos.
Maxcom Telecomunicaciones SAB (MAXCOMCP MM): Mexico’s fifth-largest phone company is for sale, according to two people with knowledge of the situation. The shares plunged 2.3 percent to 6.27 pesos.