Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

B2W Varejo, Lojas, Copel, Gerdau: Brazilian Stock Movers

Dec. 7 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 3:55 p.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa stock index lost 0.3 percent to 69,337.64.

Retailers rose on speculation Brazil will succeed in controlling inflation after Alexandre Tombini, the nominee to become the next central bank president, said responsible fiscal policies can help policy makers fend off higher consumer prices.

B2W Cia. Global do Varejo (BTOW3 BS), Brazil’s largest online retailer, climbed 2.4 percent to 33.99 reais.

Lojas Americanas SA (LAME4 BS), Brazil’s biggest discount retailer, gained 1.5 percent to 16.24 reais.

Cia Paranaense de Energia-Copel (CPLE6 BS) plunged 2.6 percent to 42.75 reais, the biggest decline since Sept. 24. The largest electricity distributor in the southern region plans to invest 2.06 billion reais ($1.23 billion) in 2011, according to a regulatory filing, more than some analysts had estimated.

Gerdau SA (GGBR4 BS), Latin America’s biggest steelmaker, jumped 2.1 percent to 21.76 reais, the highest level since Nov. 18. Brazilian steel companies will retain their investment-grade credit ratings, even as they face “unprecedented” levels of imports, Fitch Ratings said yesterday in a report.

Credit Suisse Group AG said Brazilian shopping mall stocks’ prices are “rich” relative to next year’s potential earnings. Profit growth will slow as inflation peaks, Marcello Milman, an analyst at Credit Suisse in Sao Paulo, wrote in a note to clients dated yesterday.

BR Malls Participacoes SA (BRML3 BS), Brazil’s biggest owner of shopping malls, tumbled 2.7 percent to 16.15 reais.

Multiplan Empreendimentos Imobiliarios SA (MULT3 BS), a Brazilian real estate developer that builds shopping malls, plummeted 5.2 percent to 35.00 reais, the lowest level since Sept. 24.

To contact the reporter on this story: Camila Russo in New York at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.