The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 3:15 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa stock index increased 0.3 percent to 69,527.07.
Cetip SA - Balcao Organizado de Ativos & Derivativos (CTIP3 BS) surged 4.9 percent to 21.50 reais, a record. Brazil’s biggest clearinghouse said yesterday in a regulatory filing it will buy GRV Solutions SA, a provider of credit-risk management services, for 2 billion reais ($1.2 billion).
Cielo SA (CIEL3 BS), Brazil’s biggest card-payment processor by market value, climbed 0.4 percent to 15.06 reais. Brazil’s Senate approved late yesterday a bill to create credit records for Brazilian consumers, according to the Senate’s news agency. The bill will allow “financial institutions to monitor consumers’ debt levels” and may reduce the interest rates banks charge clients.
LLX Logistica SA (LLXL3 BS) plunged 3.8 percent to 8.18 reais. The transportation company controlled by billionaire Eike Batista will be cut from MSCI’s Global Standard Indices after the company spun off port assets, according to an e-mailed statement today.
Marfrig Alimentos SA (MRFG3 BS) jumped 4.7 percent to 13.87 reais, the biggest increase since Aug. 27. Latin America’s second-largest beef producer advanced after Brazilian meatpackers increased export prices.
Petroleo Brasileiro SA (PETR4 BS), Brazil’s state-controlled oil company, rose 0.6 percent to 25.40 reais. Brazil’s lower house of congress approved new oil regulations yesterday that will increase government control over the energy industry and reduce competition for Petrobras.
Redecard SA (RDCD3 BS) declined 0.4 percent to 22.90 reais. The second-biggest card-payment processor by market value said in a regulatory filing that Sadia SA Chairman Luiz Fernando Furlan and Jose Francisco Canepa resigned from the board.
Vale SA (VALE5 BS) gained 0.6 percent to 49.50 reais. The world’s biggest iron-ore exporter is aiming to boost copper output more than fivefold by 2015 as it seeks to diversify sales and catch up with rivals such as Codelco SA and Freeport-McMoRan Copper & Gold Inc., Tito Martins, head of Vale’s basic materials operations, said today at an event near Salamanca, Chile.