The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 4:15 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 0.3 percent to 66,278.89.
Gafisa SA (GFSA3 BS) fell 3.1 percent to 10.04 reais as Brazil’s third-biggest homebuilder by revenue said first-quarter contracted sales declined 4 percent to 822 million reais ($518 million) from a year earlier. Brookfield Incorporacoes SA (BISA3 BS), a real estate developer in the states of Rio de Janeiro, Sao Paulo and elsewhere, dropped 1.9 percent to 8.67 reais.
Lupatech SA (LUPA3 BS), Brazil’s biggest provider of oil equipment and services, slumped 2.5 percent to 12.69 reais, the lowest price since May 2006, after dismissing Thiago Alonso de Oliveira as chief financial officer. Lupatech named Alexandre Jose Guerra de Castro Monteiro to the newly created position of vice president of finance.
Marfrig Alimentos SA (MRFG3 BS), Latin America’s second-largest beef producer, rose 4 percent to 17 reais, the highest price since October, on reduced bets for higher borrowing costs.