Brazilian Stock Movers: ALL America, Banco do Nordeste, LLX, Weg
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 fell 2.9 percent to 55,505.17.
ALL America Latina Logistica SA (ALLL3 BS), a Brazilian logistics operator, fell the most since February after Exame magazine reported that Cosan SA Industria & Comercio’s proposed acquisition of a stake in the company may not occur. ALL lost 4.3 percent to 8.95 reais. Cosan (CSAN3 BS) dropped 2.2 percent to 30.31 reais.
Banco do Nordeste do Brasil SA (BNBR4 BS) gained 13 percent to 21 reais, the steepest advance since August 2011. The bank named Business Director Paulo Sergio Reboucas Ferraro as interim chief executive officer, replacing Jurandir Vieira Santiago, who resigned from the post, according to a regulatory filing after the market closed yesterday.
LLX Logistica SA (LLXL3 BS) rose to the highest in a month after UBS AG rated the logistics company owned by Brazilian billionaire Eike Batista a buy because of potential oil shipment contracts. LLX jumped 2.9 percent to 2.52 reais, the highest since May 21.
Weg SA (WEGE3) (WEGE3 BS) rose 0.4 percent to 19 reais. The manufacturer of industrial machinery said in a regulatory filing that it acquired Stardur Tintas Especiais Ltda., a paint producer and retailer. The company didn’t disclose the purchase price.
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