The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9:47 a.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 0.5 percent to 65,913.38.
BM&FBovespa SA (BVMF3) (BVMF3 BS) gained 0.6 percent to 11.88 reais. The operator of Latin America’s biggest securities exchange was added to Bank of America Corp.’s “core portfolio” and Credit Suisse Group AG’s “model portfolio” of Brazilian stocks.
Fibria Celulose SA (FIBR3) (FIBR3 BS) rose 0.8 percent to 24.90 reais. The world’s largest pulp producer said first-quarter net income rose to 387 million reais ($246 million), from 8 million reais a year earlier. Fibria was expected to report a profit of 177.7 million reais excluding some items, according to the average estimate of three analysts surveyed by Bloomberg.
Magazine Luiza SA (MGLU3 BS) gained 1.1 percent to 16.18 reais. The Brazilian electronics and furniture retailer debuted on the Sao Paulo exchange today after its initial public offering last week.
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