The Bovespa (IBOV) Index advanced 2.9 percent to 63,058.
BM&FBovespa SA (BVMF3) (BVMF3 BS) rose 3.6 percent to 11.14 reais. The operator of Latin America’s biggest securities exchange signed an agreement with the Santiago Stock Exchange to advise it on the creation of a derivatives market in Chile, according to a statement posted today on the website of the Santiago exchange.
Cia. Brasileira de Distribuicao Grupo Pao de Acucar (PCAR4 BS) added 4.9 percent to 90 reais. Net sales at Brazil’s biggest retailer rose 12 percent to 12.1 billion reais ($6.63 billion) in the first quarter, according to a regulatory filing.
Cia. De Gas de Sao Paulo (CGAS5 BS) climbed 1.1 percent to 46.15 reais. Sugar-cane processor Cosan SA Industria e Comercio said in a regulatory filing that it’s in preliminary talks to buy BG Group Plc’s stake in Comgas. BG owns a 60.1 percent stake in the Brazilian gas distributor, according to a separate statement from the U.K.-based company. Cosan (CSAN3 BS) dropped 3.3 percent to 32.40 reais.
Voting shares of Usinas Siderurgicas de Minas Gerais SA (USIM3 BS) slumped 5.3 percent to 16.90 reais. Rival Cia. Siderurgica Nacional SA (CSNA3) was barred from buying more shares in Usiminas, according to a ruling from Brazil’s antitrust regulator. CSN had been buying shares in Usiminas for more than a year in a bid to gain more influence in decisions made by its bigger competitor.
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