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Pao de Acucar, Asur, Braskem, Marcopolo: Latin American 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 rose 0.9 percent to 4,225.10. In Brazil, preferred shares usually are the most-traded class of stock.


Braskem SA (BRKM3 BZ): Latin America’s biggest petrochemical producer said its Philadelphia-based unit Braskem America will invest $50 million in its U.S. polypropylene business through 2011, according to a company statement. The shares increased 0.8 percent to 13.45 reais.

Cia. Brasileira de Distribuicao Grupo Pao de Acucar (PCAR5 BS): Brazil’s national statistics office will probably report today that the unemployment rate rose to 7 percent in August from 6.9 percent in July, according to the median estimate of 35 economists in a Bloomberg survey. Brazil’s biggest retailer fell 0.2 percent to 58.72 reais.

Marcopolo SA (POMO4 BZ): The truck and bus manufacturer said six workers died after a fire started in the underground parking of a facility of its Ciferal unit in Duque de Caxias, Rio de Janeiro State, according to a regulatory filing. The fire didn’t reach production areas of the facility, the statement said. The shares gained 0.4 percent to 5.67 reais.


Grupo Aeroportuario del Sureste SAB (ASURB MM): A collection of thunderstorms near the northern coast of Venezuela has a 60 percent chance of developing into a tropical cyclone as it moves toward the western Caribbean, according to the National Hurricane Center in Miami. Asur, as the operator of airports in southern Mexico is known, rose 0.7 percent to 60.39 pesos.

Grupo Industrial Saltillo SAB (GISSAA MM): Mexico’s National Banking and Securities Commission said it decided to fine the company, known as Gissa, 12 million pesos for infringing derivatives rules in 2008. The shares of the Mexican auto-parts and building-materials company fell 0.4 percent to 11.25 pesos.

To contact the reporters on this story: Nathan Gill in Quito at

To contact the editor responsible for this story: David Papadopoulos at

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