Brazil Stock Movers: BR Malls, PDG Realty, Petroleo Brasileiro
The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 11:36 a.m. local time. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index fell 1.2 percent to 63,522.03.
BR Malls Participacoes SA (BRML3) (BRML3 BS) climbed 0.4 percent to 24.50 reais after earlier gaining as much as 1.9 percent. Brazil’s biggest owner of shopping malls said it paid 120 million reais ($65.6 million) for 50 percent of Rio Anil Shopping mall in Sao Luis, a city in northern Brazil, according to a regulatory filing.
PDG Realty SA Empreendimentos & Participacoes (PDGR3) (PDGR3 BS) sank 1.7 percent to 5.86 reais. The homebuilder reported preliminary adjusted net income of 31.2 million reais in the fourth quarter, according to an e-mailed statement. That compares with an average forecast of 174.9 million reais among 10 analysts surveyed by Bloomberg.
Petroleo Brasileiro SA (PETR4) (PETR4 BS) fell 1.9 percent to 22.12 reais. Brazil’s state-controlled oil company dropped to a three- month low as crude prices declined following a report from the American Petroleum Institute that showed U.S. supplies rose to the highest level since July.
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