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 fell 0.3 percent to 4,566.13.
Camargo Correa Desenvolvimento Imobiliario SA (CCIM3) (CCIM3 BS): The real estate company reported first-quarter contracted sales rose 64 percent to 316.5 million reais ($200.5 million), according to a regulatory filing. New projects totalled 204.3 million reais in the quarter. The shares dropped 3 percent to 6.16 reais.
Embraer SA (EMBR3) (EMBR3 BS): The world’s fourth-largest planemaker may make as many as 20 Legacy business jets a year in China because of growing demand in Asia’s largest economy. Production at the company’s existing factory in Harbin, China will begin in 18 to 24 months, Chief Executive Officer Frederico Curado said today in a Bloomberg TV interview from Hainan, southern China. The stock lost 1 percent to 12.50 reais.
Itau Unibanco Holding SA (ITUB4) (ITUB4 BS): Itau’s 725 million- real purchase of a 49 percent stake in Carrefour SA’s Brazilian finance unit Banco CSF SA will be paid for in cash, Rogerio Calderon, Itau’s corporate controller, said on a conference call. CSF has a loan portfolio of 2 billion reais and Itau sees its credit expanding by 15 percent this year, he said. The shares declined 1 percent to 36.84 reais.
Bolsa Mexicana de Valores SAB (BOLSAA MM): The operator of Mexico’s securities exchange posted first-quarter net income of 160.9 million pesos ($13.7 million), according to a statement posted on the exchange’s website. The stock slipped 0.5 percent to 24.64 pesos.
Grupo Financiero Inbursa SA (GFINBURO) : The financial services firm controlled by billionaire Carlos Slim said its banking unit sold 4.45 billion pesos in three-year bonds. The shares retreated 2.8 percent to 59.55 pesos.
Grupo Mexico SAB (GMEXICOB MM): Twelve of 20 analysts, investors and traders surveyed by Bloomberg, or 60 percent, said prices of copper will drop next week. Five predicted a gain and three expected little change. Grupo Mexico, the country’s largest mining company, declined 2.1 percent to 41.02 pesos.
Kimberly-Clark de Mexico SAB (KIMBERA MM): Mexico’s biggest consumer products company reported first-quarter net income of 980 million pesos. First-quarter sales were 6.65 billion pesos. The stock declined 1.6 percent to 70.25 pesos.
To contact the editor responsible for this story: David Papadopoulos at email@example.com