Lopes, JBS, Petroleo Brasileiro Gain: Brazilian Stock Movers

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9:20 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index gained 0.9 percent to 70,251.87.

LPS Brasil Consultoria de Imoveis SA (LPSB3 BS) rose 1.9 percent to 38.21 reais. The Brazilian real-estate brokerage known as Lopes said it’s raising 207.1 million reais ($122.5 million) with the sale of 5.52 million new common shares for 37.51 reais each.

JBS SA (JBSS3 BS) increased for the first time in six days, advancing 1.8 percent to 6.68 reais. The world’s biggest beef producer said it isn’t in talks to buy a company in New Zealand and will not start negotiations to make a purchase. The statement was in response to media reports about a possible acquisition.

Petroleo Brasileiro SA (PETR3 BS) rose 1.4 percent to 27.05 reais. The state-controlled oil company’s voting shares were raised to “neutral” from “sell” at UBS AG. Separately, Petrobras said it expects to declare the commercial viability of its Tupi field by Dec. 31, according to a regulatory filing sent by the company today.

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 papadopoulos@bloomberg.net

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