Banco de Chile, Copel, Ideal: Latin America Equity Preview

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 4,297.89.

Brazil

Cia. Paranaense de Energia-Copel (CPLE6 BS): The largest electricity distributor in Brazil’s southern region aims to boost its capacity by as much as 44 percent by 2015 and make up 22 percent of its energy from alternative sources, also by 2015, according to a regulatory filing. The supplier will invest 500 million reais ($317.5 million) in transmission this year. Copel decreased 0.5 percent to 39.70 reais.

Gafisa SA (GFSA3) (GFSA3 BS): Brazil’s second-biggest homebuilder had new projects worth 1.4 billion reais and contracted sales of 1.1 billion reais, according to its preliminary second-quarter filing to regulators. The stock retreated 0.9 percent to 6.68 reais.

Petroleo Brasileiro SA (PETR4) (PETR4 BS): The state-controlled oil company said total average oil and natural gas production in Brazil and abroad reached 2.6 million barrels of oil and equivalents a day in June, according to an e-mailed statement. Production of oil and gas in Brazil was 2.4 million barrels of oil and equivalents a day, up 4 percent from the same period last year. Shares of Petrobras, as the company is known, rose 0.2 percent to 22.99 reais.

Chile

Banco de Chile (CHILE CC): Fitch Ratings assigned its AA rating to 30-year inflation-indexed bonds that Banco de Chile plans to sell. The shares advanced 0.7 percent to 69.08 pesos.

Mexico

Banregio Grupo Financiero SAB (GFREGIO MM): The commercial bank had its outlook revised to “positive” from “stable” by Standard & Poor’s, according to an e-mailed statement from the ratings company. The shares added 0.2 percent to 32.07 pesos.

Impulsora del Desarrollo y el Empleo en America Latina SAB (IDEALB1 MM): Billionaire Carlos Slim’s construction-financing firm reported a second-quarter loss of 356.3 million pesos ($30 million). Sales reached 2.3 billion pesos, the Mexico City-based company known as Ideal said. The stock fell 0.7 percent to 21.67 pesos.

To contact the reporter on this story: Bryan Gibel in New York at bgibel@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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