Gafisa, Homex, Randon, 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 gained 1.4 percent to 4,442.88. In Brazil, preferred shares usually are the most-traded class of stock.

Brazil

Gafisa SA (GFSA3 BS): Gafisa said Equity International sold 13.2 million of its common shares, reducing the firm’s stake in the Brazilian homebuilder to about 2.65 percent. Gafisa advanced 3.5 percent to 13.50 reais.

Petroleo Brasileiro SA (PETR4 BS): The oil producer that raised $70 billion last month in the world’s largest stock sale said Morgan Stanley exercised its right to sell additional shares because of strong demand. As part of the so-called green- shoe offer, Morgan Stanley will distribute a supplementary over- allotment of 75.2 million common shares and 112.8 million preferred shares, Petrobras said in a regulatory filing. Petrobras gained 0.8 percent to 27.50 reais.

Randon SA Implementos e Participacoes (RAPT4 BS): Renault SA plans to almost double its share of car sales in Brazil in the next three years through investments and by introducing new vehicles, Folha de S. Paulo reported. Randon, a Brazilian auto- parts maker, gained 5 percent to 12.50 reais.

Mexico

Grupo Televisa SA (TLEVICPO MM): NII Holdings Inc. and Grupo Televisa SA, the largest Spanish-language broadcaster, received the licenses for mobile-phone airwaves they won in a government auction, Mexico’s Communications and Transportation Ministry said. Televisa was little changed at 47.78 pesos.

Desarrolladora Homex SAB (HOMEX* MM): Mexico created 721,483 jobs from January to September as the economy recovered, said Finance Minister Ernesto Cordero during a news conference in Mexico City. It marks the most jobs gained in a nine-month period in 10 years, he said. Homex, Mexico’s largest homebuilder, rose 0.2 percent to 68.13 pesos.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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