Brazilian Stock Movers: BTG Pactual, Cielo, Natura and Vale

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 11:50 a.m. local time. Preferred shares are usually the most-traded class of stock.

The Bovespa (IBOV) Index fell 0.5 percent to 61,455.77.

Banco BTG Pactual SA (BBTG11) (BBTG11 BS) climbed 1.9 percent to 31.84 reais. The Brazilian bank led by billionaire Andre Esteves started trading in São Paulo today after saying it’s raising as much as 3.66 billion reais in the biggest initial public offering in Brazil since 2009.

Cielo SA (CIEL3) (CIEL3 BS) added 3.9 percent to 54 reais. Brazil’s biggest card-payment processor by market value said its net income increased 33 percent to 566.6 million reais in the first quarter, according to a regulatory filing yesterday. That beat the median estimate of 514.5 million reais for adjusted net income in a Bloomberg survey of eight analysts.

Natura Cosmeticos SA (NATU3) (NATU3 BS) fell 3.2 percent to 43.80 reais. Brazil’s biggest cosmetics maker said its net income rose 0.7 percent to 151.5 million reais in the first quarter from a year earlier, according to a regulatory filing. The result was below the 159.3 million reais average estimate for profit excluding some items of eight analysts surveyed by Bloomberg.

Vale SA (VALE3) (VALE5 BS) slid 0.5 percent to 40.90 reais. The world’s largest iron-ore producer reported a drop in quarterly profit amid declining iron-ore prices and output. Net income fell 44 percent to $3.83 billion in the first three months of the year, from $6.83 billion a year before.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

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

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