Braskem, Exito, Iochpe-Maxion, Marisa Lojas: Latin America Equity 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 fell 0.5 percent to 4,177.76. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

Braskem SA (BRKM5 BZ): Latin America’s largest petrochemicals producer said its board approved the sale of perpetual bonds, without disclosing the amount. The shares were unchanged at 15.76 reais.

Iochpe-Maxion SA (MYPK3 BS): Brazil’s new vehicle sales rose 9.1 percent to 148,302 units in the first half of September, when compared with the same period last year, the country’s dealer federation, known as Fenabrave, said. Iochpe, a Brazilian maker of railroad and automobile parts, climbed 4 percent to 20.7 reais.

Marisa Lojas SA (AMAR3 BZ): The retail holding company obtained a loan of 100 million reais from Banco Bradesco SA, according to a regulatory filing. The shares rose 2.3 percent to 23.65 reais.

Sao Paulo Alpargatas SA (ALPA4 BZ): The maker of Havaianas flip-flops said it will get a financing of 110.5 million reais from Brazil’s national development bank, known as BNDES. The shares rose 1.9 percent to 9.2 reais.

Chile

Vina Concha y Toro SA (CONCHA CC): Chile’s largest wine exporter signed a three-year partnership with Manchester United to be the English soccer club’s official wine partner. Chile’s stock exchange was closed for a national holiday Sept. 17. The shares rose 0.8 percent to 1,198.7 pesos on Sept. 16.

Colombia

Almacenes Exito SA (EXITO CB): Colombian retail sales rose 13.8 percent in July from a year earlier, the national statistics agency said, less than the 14.2 percent median estimate of 16 analysts surveyed by Bloomberg. The shares of the country’s largest publicly traded retailer fell 2.1 percent to 21,540 pesos.

Grupo Odinsa SA (ODINSA CB): Colombia’s industrial production rose 0.2 percent in July from a year earlier, the national statistics agency said. Economists had forecast an 8.1 percent increase in output, according to the median estimate of 17 analysts surveyed by Bloomberg. The Bogota-based engineering and construction company was unchanged at 7,790 pesos.

To contact the reporters on this story: Nathan Gill in Quito at ngill4@bloomberg.net

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