The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 1:15 p.m. local time. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index gained 1.1 percent to 65,307.10.
Localiza Rent a Car SA (RENT3 BS) rose 3.2 percent to 29.65 reais. Latin America’s largest car-rental company said net income increased 13 percent in the fourth quarter to 78.7 million reais ($45.6 million), beating the median estimate of analysts in a Bloomberg survey.
Multiplan Empreendimentos Imobiliarios SA (MULT3) (MULT3 BS) climbed 1.7 percent to 42.40 reais, the highest ever. The real estate company sold an office building in Sao Paulo to a unit of Oracle Corp. for 165 million reais.
Oil companies advanced as crude advanced in New York. OGX Petroleo & Gas Participacoes SA (OGXP3 BS) rose 2.3 percent to 17.42 reais. Petroleo Brasileiro SA (PETR4) (PETR4 BS) increased 1.1 percent to 24.79 reais.
To contact the editor responsible for this story: David Papadopoulos in New York at firstname.lastname@example.org