Breaking News

Citigroup Profit Falls 96% on Costs to End Mortgage-Bond Probe
Tweet TWEET

ALL America Latina, Gafisa, Gol: Brazil Stock Movers

(Corrects name of company that increased stake in Pilgrim’s Pride Corp.)

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9:12 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index increased 0.2 percent to 72,763.69.

ALL America Latina Logistica SA (ALLL3 BS) gained 2.7 percent to 15.86 reais. Latin America’s largest railroad company said in a regulatory filing third-quarter net income rose 20 percent to 69.2 million reais ($40.8 million). Net sales rose 9.5 percent to 725.5 million reais.

Gafisa SA (GFSA3 BS) fell 1.1 percent to 14.24 reais. The homebuilder named Caio Racy Mattar chairman after Gary Garrabrant resigned, the company said in a regulatory filing.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS) rose 1.4 percent to 29.41 reais. Brazil’s largest airline said total demand rose 11 percent in October from a year earlier and capacity climbed 9 percent.

JBS SA (JBSS3 BS) gained for a third day, advancing 0.9 percent to 6.69 reais. The world’s biggest beef producer said it paid $41.7 million to increase its stake in Pilgrim’s Pride Corp. to 67.3 percent from 64 percent, according to a regulatory filing.

Vale SA (VALE5 BS), the world’s biggest iron ore producer, increased 1 percent to 50.26 reais. Vale Fertilizantes SA, the fertilizer maker controlled by Vale SA, was initiated with a “buy” rating at Banco Santander SA, which cited the outlook for production growth and global demand.

To contact the reporter on this story: Camila Russo in New York at crusso15@bloomberg.net

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.