Cap, CPFL Energia, Randon, Salfacorp, Weg: Latin America Equity Preview
Stock Chart for CPFL Energia SA (CPFE3)
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 0.8 percent to 4,381.80. In Brazil, preferred shares usually are the most- traded class of stock.
CPFL Energia SA (CPFE3 BS): The company’s subsidiary CPFL Geracao de Energia will get a loan of 574 million reais ($340 million) from Brazil’s state development bank to build seven wind farms, according to an e-mailed statement from the bank. CPFL, Brazil’s largest private-sector power distributor, rose 0.1 percent to 38.70 reais.
Randon SA Implementos e Participacoes (RAPT4 BS): The Brazilian auto-parts maker may be active as the national statistics agency is scheduled to report August industrial production numbers at 8 a.m. New York time. Randon gained 0.9 percent to 11.90 reais. Weg SA (WEGE3 BS), a Brazilian industrial-machinery maker, was unchanged at 18.50 reais.
Salfacorp SA (SALFACOR CC): Chile’s government submitted a 2011 budget proposal to Congress that calls for an increase in public spending of 5.5 percent when taking inflation into account. Salfacorp, the country’s largest engineering and construction company, fell 0.3 percent to 1,352.7 pesos. Cap SA (CAP CC), the nation’s biggest steel and iron producer, rose 1.2 percent 23,975 pesos.
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