Brazilian Stock Movers: Gafisa, Hypermarcas, Santander, Usiminas

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 tumbled 1.8 percent to 58,288.46.

Banco Santander Brasil SA (SANB11 BS), Brazilian unit of Spain’s biggest bank, fell 6.4 percent to 14.80 reais as Brazil imposed a tax on bets against the U.S. dollar and warned it may boost intervention in the country’s derivatives market in a bid to weaken its currency.

Hypermarcas SA (HYPE3 BS), the Brazilian consumer-goods maker, dropped 6 percent to 11.30 reais, the lowest in more than two years, as concern that quickening inflation led to declines among companies that depend on consumer demand.

Gafisa SA (GFSA3 BS), Brazil’s third-biggest homebuilder by revenue, retreated 2.6 percent to 7.17 reais, and has plunged 51 percent since Nov. 4 as record-low unemployment drives up labor costs. Brazil’s homebuilders and retailers have led declines on the benchmark index as inflation reached the fastest pace since 2005 even after the central bank lifted interest rates eight times in 15 months.

Usinas Siderurgicas de Minas Gerais SA (USIM5 BS), Brazil’s second-largest steelmaker, declined 0.2 percent to 11.03 reais as commodities fell on concern that the U.S. may lose its top credit rating if an agreement isn’t reached to raise the country’s debt ceiling. The Thomson Reuters/Jefferies CRB Index of 19 raw materials slipped 0.6 percent.

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

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

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