Brazilian Stock Movers: Itau, Lojas, OGX, Positivo Informatica

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

The Bovespa Index rose 0.2 percent to 63,217.85.

Brazilian consumer prices rose at their slowest pace since September last month, as a stronger currency cut costs for imported consumer products and fuel prices slumped. Prices rose 0.47 percent in May, the government’s statistics agency said today, matching the median estimate in a Bloomberg survey of 39 economists, and less than the 0.77 percent increase in April.

B2W Cia. Global do Varejo, (BTOW3 BS) Brazil’s largest online retailer, advanced 1.6 percent to 21.90 reais as companies that depend on domestic demand were buoyed by the government’s report on consumer prices.

Lojas Americanas SA (LAME4) (LAME4 BS), Brazil’s biggest discount retailer, gained 3.4 percent to 16.09 reais. MRV Engenharia & Participacoes SA (MRVE3 BS), Brazil’s fifth-biggest homebuilder by revenue, rose 2.6 percent to 14.70 reais.

Itau Unibanco Holding SA (ITUB4) (ITUB4 BS), Latin America’s largest bank by market value, rose 1.5 percent to 35.55 reais as Barclays Plc initiated coverage with an “overweight” rating.

OGX Petroleo & Gas Participacoes SA (OGXP3 BS), the oil company controlled by Brazilian billionaire Eike Batista, rose 2.2 percent to 15.51 reais as Chief Financial Officer Marcelo Faber Torres said the company is “fully funded” after selling $2.56 billion in a bond sale.

Positivo Informatica SA (POSI3) (POSI3 BS), Brazil’s biggest computer maker, declined 8.7 percent to 7.82 reais. Positivo said yesterday that its shareholders aren’t in talks to sell the company to Lenovo Group Ltd. Positivo shares surged 26 percent in the prior two trading days on speculation a deal may be in the works. Positivo rejected an offer of 18 reais a share from Lenovo in 2008.

To contact the reporter on this story: Leon Lazaroff in New York llazaroff@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulous@bloomberg.net

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