The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 9 a.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 0.5 percent to 65,422.95.
MPX Energia SA (MPXE3 BS) jumped 4.6 percent to 32.16 reais. An initial public offering of the company’s Colombian coal business may generate between $4 billion and $6 billion, controlling shareholder Eike Batista said today on a conference call.
Net Servicos de Comunicacao SA (NETC4 BS) rose 2.5 percent to 17.75 reais. Brazil’s biggest cable-TV provider posted fourth-quarter net income of 133 million reais ($79.8 million), according to a regulatory filing today.
Natura Cosmeticos SA (NATU3 BS) rose 0.6 percent to 42.10 reais. Avon Products Inc., a rival of Natura in Brazil, posted fourth-quarter sales and earnings below analysts’ projections due to delays filling orders in the country, Avon said yesterday in a statement.