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 0.3 percent to 61,216.98.
Brazil Pharma SA (BPHA3 BS) slipped 4.9 percent to 16.40 reais. The pharmacy chain controlled by Banco BTG Pactual SA started trading in Sao Paulo today after selling shares at 17.25 reais each in an initial public offering last week.
JBS SA (JBSS3) (JBSS3 BS) increased 0.4 percent to 5.11 reais. The world’s biggest beef producer will buy back as many as 37.5 million shares through June 9 next year, the company said today in a regulatory filing.
Parana Banco SA (PRBC4 BS) rose 0.2 percent to 12.30 reais. The Brazilian bank that specializes in payroll consigned credit services said it plans to buy back up to 630,000 of its preferred shares, or 2.7 percent of the total outstanding, by Dec. 30, according to an e-mailed statement.
Vale SA (VALE3) (VALE5 BS) declined 0.1 percent to 44.04 reais. The world’s largest iron-ore producer cut its target for 2015 output by 10 percent. The Rio de Janeiro-based company expects to produce 469 million metric tons a year of the steelmaking ingredient by that time, compared with a previous forecast of 522 million tons, it said today in an e-mailed statement.
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