Brazilian Stock Movers: BM&FBovespa, Cetip, CSN, Tam and Vale

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 retreated 0.4 percent to 59,445.21.

BM&FBovespa SA (BVMF3) (BVMF3 BS) added 1.2 percent to 10.25 reais. The operator of Latin America’s biggest securities exchange reported first-quarter adjusted net income of 409.2 million reais ($208.8 million), up from 384.2 million reais a year earlier.

Cetip SA - Mercados Organizados (CTIP3) (CTIP3 BS) rose 0.9 percent to 30.08 reais. Brazil’s biggest securities clearinghouse reported first-quarter adjusted net income of 104.7 million reais, a 35 percent increase from a year before, according to a regulatory filing.

Cia. Siderurgica Nacional SA (CSNA3 BS) sank 3.7 percent to 14.56 reais. Net income slumped 82 percent to 110.7 million reais in the first quarter, the steelmaker said in a statement late yesterday. That compares with the average estimate of profit excluding some items of 446.6 million reais, according to a Bloomberg survey of nine analysts.

Tam SA (TAMM4) (TAMM4 BS) climbed 0.2 percent to 46.05 reais. Santiago-based Lan Airlines SA said in a filing distributed today that it expects to complete its acquisition of the Brazilian carrier June 15 following a public purchase offer that began yesterday.

Vale SA (VALE3) (VALE5 BS) dropped 3.1 percent to 38 reais. The world’s largest iron-ore producer declared force majeure in its Nova Caledonia nickel operations due to an accident in the sulfuric acid plant, according to a regulatory filing yesterday. Separately, a report showed industrial production in China, Vale’s top export market, grew the least since 2009 in April.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.