Brazilian Stocks: Banco do Brasil, BR Malls, Cosan, Itau

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:11 p.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa stock index declined 0.9 percent to 69,457.48.

Lenders fell after the central bank signaled it may enact additional credit curbs and Banco do Brasil SA cut its forecast for personal loan growth.

Banco do Brasil SA (BBAS3 BS), Latin America’s largest bank by assets, fell 1.3 percent to 30.70 reais.

Banco Santander Brasil SA (SANB11 BS), the Brazilian unit of Spain’s biggest bank, lost 3.1 percent to 20.64 reais.

Itau Unibanco Holding SA (ITUB4 BS), Latin America’s biggest bank by market value, decreased 2.5 percent to 37.18 reais.

BR Malls Participacoes SA (BRML3 BS) fell 1.9 percent to 16.49 reais. Brazil’s biggest owner of shopping malls said its board approved the sale of $85 million of perpetual bonds in the reopening of notes sold on Oct. 7.

Commodity producers fell on concern accelerating Chinese growth will prompt policy makers to raise borrowing costs to cool the economy, reducing demand.

Cosan SA Industria e Comercio (CSAN3 BS), the world’s biggest sugarcane processor, fell 2.1 percent to 27.20 reais.

Gerdau SA (GGBR4 BS), Latin America’s biggest steelmaker, dropped 2.6 percent to 22.61 reais. Parent company Metalurgica Gerdau SA (GOAU4 BS) fell 2.5 percent to 26.90 reais.

Petroleo Brasileiro SA (PETR4 BS) declined 0.9 percent to 27.06 reais. Brazil’s state-controlled energy producer plans to sell $6 billion of debt in its largest overseas offering, according to a person familiar with the transaction.

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

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