Brazilian Stock Movers: JHSF Participacoes, OGX, Petrobras

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 4:15 p.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index rose 1.3 percent to 63,673.34.

JHSF Participacoes SA (JHSF3) (JHSF3 BS) jumped 6.1 percent to 4.33 reais. The real-estate company forecast new projects worth 2 billion reais ($1.2 billion) in 2011 and 2012, according to a regulatory filing.

OGX Petroleo & Gas Participacoes SA (OGXP3 BS) gained the most in a year, surging 7.8 percent to 14.92 reais. The oil company controlled by Brazilian billionaire Eike Batista said the Fazenda Sao Jose and California deposits in Brazil’s Parnaiba Basin are commercially viable, according to a regulatory filing. The stock was also rated “overweight” in new coverage at Barclays Plc and raised to “neutral” from “underperform” at Bank of America Corp.

Petroleo Brasileiro SA (PETR4) (PETR4 BS) gained 1.9 percent to 24.40 reais. Brazil’s state-controlled oil company is considering a lower capital-expenditure budget as it revises a $224 billion business investment plan, Chief Financial Officer Almir Barbassa said today on a conference call. Separately, the stock was raised to “overweight” from “equal weight” at Barclays.

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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