Ticker	Volume	Price	Price Delta
DJIA	15,294.50	-12.67	-0.08%
S&P 500	1,650.51	-4.84	-0.29%
Nasdaq	3,459.42	-3.88	-0.11%

Ticker

Volume

Price

Price Delta

DJIA

15,294.50

-12.67

-0.08%

S&P 500

1,650.51

-4.84

-0.29%

Nasdaq

3,459.42

-3.88

-0.11%

Ticker	Volume	Price	Price Delta
STOXX 50	2,763.70	-13.08	-0.47%
FTSE 100	6,647.27	-49.52	-0.74%
DAX	8,278.62	-73.36	-0.88%

Ticker

Volume

Price

Price Delta

STOXX 50

2,763.70

-13.08

-0.47%

FTSE 100

6,647.27

-49.52

-0.74%

DAX

8,278.62

-73.36

-0.88%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Gafisa Rallies as Homebuilder Considers Alphaville Stake Sale

By Denyse Godoy - 2012-09-11T14:44:41Z

Gafisa SA (GFSA3) led gains on the benchmark Bovespa Index after the Brazilian homebuilder said it may sell a stake in its high-income subsidiary Alphaville.

Shares advanced 6.6 percent to 4.21 reais at 11:31 a.m. in Sao Paulo. A close at that level would be the highest since April 4. The Bovespa rose 0.8 percent.

Gafisa is studying strategic options for the subsidiary, including an initial public offering, the company said in a regulatory filing yesterday after the market closed.

The homebuilder has fallen 4.1 percent this year through yesterday, while the Bovespa added 2.9 percent during the same period.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

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

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