Oct. 28 (Bloomberg) -- The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
The MSCI Latin America Index fell 1 percent to 4,453.92. In Brazil, preferred shares usually are the most-traded class of stock.
Braskem SA (BRKM5 BZ): Latin America’s largest petrochemicals producer will invest $100 million in “green” propane production, the company said in a regulatory filing. The shares rose 0.3 percent to 17.55 reais.
Itau Unibanco Holdings SA (ITUB4 BZ): Brazil will announce steps to increase companies’ access to long-term financing in the coming weeks, said Finance Minister Guido Mantega. The shares of Brazil’s largest bank by market value fell 2 percent to 41.54 reais.
Petroleo Brasileiro SA (PETR4 BZ): Brazil will pass new oil rules proposed by President Luiz Inacio Lula da Silva if former cabinet chief Dilma Rousseff becomes president, said Marco Antonio Almeida, the energy ministry’s oil and gas secretary. The shares rose 1.3 percent to 26.19 reais.
Vale SAB (VALE5 BZ): Third-quarter profit more than tripled to a record $6.04 billion on rising prices and demand for raw materials to make steel. The world’s largest producer of iron ore said in a statement. The shares fell 1 percent to 48.72 reais.
Corpbanca (CORPBANC CC): Chile’s central bank and finance ministry asked the International Monetary Fund and World Bank to analyze the stability of the country’s financial services industry, the bank said in a statement. The shares rose 2.9 percent to 7.845 pesos.
Ecopetrol SA (ECOPETL CB): The nation’s largest oil company is studying the possibility of taking part in a Brazilian auction of oil rights, said Hector Manosalva, vice president of exploration and production, on a conference call. The shares were unchanged at 4,360 pesos.
America Movil SAB (AMXL MM): Net income rose to 23.4 billion pesos in the third quarter, Latin America’s largest wireless carrier said in a statement to the Mexican stock exchange. The shares declined 1.6 percent to 35.48 pesos.
Corporacion GEO SAB (GEOB MM): Profit in the third quarter fell to 433 million pesos, Mexico’s second-largest homebuilder said. The shares gained 0.6 percent to 39.54 pesos.
Gruma SAB (GRUMAB MM): Net income in the third quarter rose to 238.4 million pesos, the company said in an e-mailed statement. The shares rose 5.7 percent to 23.73 pesos.
Grupo Carso SAB (GCARSOA1 MM): Profit rose to 1.94 billion pesos in the third quarter, the holding company controlled by billionaire Carlos Slim said in a statement to the Mexican stock exchange. The shares rose 0.2 percent to 70.4 pesos.
Grupo Famsa SAB (GFAMSAA MM): Net income fell to 195.9 million pesos in the third quarter, the retail store operator said in a statement to the Mexico stock exchange. The shares rose 2.3 percent to 17.78 pesos.
Grupo Financiero Inbursa SAB (GFINBURO MM): Net income rose to 2.73 billion pesos in the third quarter, the financial services company owned by billionaire Carlos Slim said in a statement to the Mexican stock exchange. The shares were little changed at 53.93 pesos.
Industrias Bachoco SAB (BACHOCOB MM): Rodolfo Ramos Arvizu will replace Cristobal Mondragon Fragoso as chief executive officer, the nation’s largest poultry producer said in a statement to Mexico’s stock exchange. The shares fell 1.6 percent to 21.5 pesos.
-- With assistance by Robin Stringer in New York, Heather Walsh in Bogota, Colombia and Carlos Manuel Rodriguez and Crayton Harrison in Mexico City. Editor: Allen Wan
To contact the reporter on this story: Andres R. Martinez in Mexico City at firstname.lastname@example.org
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