Anhanguera, Brasil Ecodiesel, Pao de Acucar: Brazilian Stocks

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 11:04 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa stock index rose 0.2 percent to 68,034.98.

Anhanguera Educacional Participacoes SA (AEDU3 BS) jumped 4.7 percent to 38.41 reais. Brazil’s largest education company by market value rallied after raising 844.1 million reais ($491.5 million) in the South American country’s busiest year for share sales since 2007.

Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais SA (ECOD3 BS) surged 7.9 percent to 1.1 reais. A Chinese company will invest 250 million reais in Brazil’s biggest biodiesel maker in the coming weeks, buying shares at an estimated 1.80 reais each, the Exame magazine reported on its online edition, without saying where it got the information.

“The stock is probably rallying because of the news, it would be very positive for the company,” Victor Martins, an analyst with Sao Paulo-based Planner Corretora de Valores, said in a phone interview.

Cia. Brasileira de Distribuicao Grupo Pao de Acucar (PCAR5 BS) dropped 1.1 percent to 67.04 reais. Brazil’s biggest retailer fell after O Estado de S. Paulo reported that rival Magazine Luiza SA plans to sell shares in an initial public offering in the first half of 2011 to finance new stores.

Rossi Residencial SA (RSID3 BS) rose 0.8 percent to 14.13 reais. Brazil’s sixth-biggest homebuilder by revenue was raised to “outperform” from “neutral” at Credit Suisse by equity analyst Marcello Milman.

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