Brazilian Stock Movers: Brasil Brokers, BM&FBovespa, Cyrela

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

The Bovespa (IBOV) Index rose 0.5 percent to 65,368.49.

Brasil Brokers Participacoes SA (BBRK3) (BBRK3 BS) gained 6.5 percent to 7.40 reais, the highest since Sept. 8. The company signed a contract to acquire competing real estate brokerage Bamberg Planejamento & Empreendimento Imobiliarios, according to a regulatory filing yesterday.

BM&FBovespa SA (BVMF3) (BVMF3 BS) fell 2.2 percent to 12.04 reais. Fourth-quarter profit at the operator of Latin America’s biggest securities exchange fell short of forecasts as expenses increased and trading volumes declined. Adjusted net income was 352.7 million reais ($205 million), below the average estimate of 377.3 million reais from nine analysts surveyed by Bloomberg, according to a regulatory filing yesterday.

Homebuilders gained as traders bet the central bank will keep cutting borrowing costs after a report showed Brazilian inflation slowed. Cyrela Brazil Realty SA Empreendimentos e Participacoes (CYRE3 BS) advanced 5.1 percent to 18.09 reais. Brookfield Incorporacoes SA (BISA3) (BISA3) (BISA3 BS) added 2.7 percent to 6.75 reais.

Companhia Siderurgica Nacional SA (CSN) (CSNA3 BS) slid 2.4 percent to 17.45 reais, the lowest since Jan. 19. The steelmaker was cut to “neutral” at Credit Suisse and to “underweight” at Morgan Stanley.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

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

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