Grupo Mexico, MMX Mineracao, Petrobras: 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 gained 0.5 percent to 3,984.59. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

BR Properties SA (BRPR3 BZ): The Brazilian property developer said it bought, in partnership with Banco BTG Pactual SA, properties in Rio de Janeiro for 680 million reais ($384.2 million). The shares rose 0.7 percent to 13.8 reais.

MMX Mineracao e Metalicos SA (MMXM3 BZ): Billionaire Eike Batista’s iron-ore company said it had a second-quarter loss of 42 million reais. The shares gained 2.6 percent to 12.5 reais.

Petroleo Brasileiro SA (PETR4 BZ): The Brazilian oil regulator shut down the P-33 offshore platform operated by Petrobras. The company may also face a fine. The shares rose 0.1 percent to 27.53 reais.

Chile

Banco Santander Chile (BSAN CC): Chile’s central bank raised the benchmark overnight interest rate to 2 percent from 1.5 percent yesterday. The shares of Banco Santander Chile rose 0.5 percent to 41.64 pesos.

Colombia

Ecopetrol SA (ECOPETL CB): Colombia’s state-run oil company said it won an oil block in the Llanos district of eastern Colombia. The shares rose 0.9 percent to 3,280 pesos.

Mexico

Grupo Mexico SAB (GMEXICOB MM): Mexico’s largest mining company denied a report that the miners’ union had won an injunction allowing them to return to work at the Cananea copper mine. The shares rose 0.6 percent to 33.26 pesos.

To contact the reporter on this story: Andres R. Martinez in Mexico City at amartinez28@bloomberg.net

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