April 15 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index rose 0.6 percent to 66,684.21.
Petroleo Brasileiro SA, (PETR4 BS) Brazil’s national oil company, rose 2.1 percent to 26.53 reais after a report showed U.S. industrial output increased more than economists forecast in March, signaling higher fuel demand in the world’s biggest crude-consuming country. Output rose 0.8 percent, the fifth straight gain, after a revised 0.1 percent rise in February, the Federal Reserve said today in Washington. Economists surveyed by Bloomberg projected a 0.6 percent gain.
Lojas Renner SA (LREN3 BS), Brazil’s biggest publicly traded clothing retailer, increased 3.4 percent to 57.20 reais after a report showed consumer prices rose less than forecast this month, a positive sign for companies that depend on domestic demand. The Rio de Janeiro-based Getulio Vargas Foundation’s IGP-10 inflation index was 0.56 percent for the month ending April 10, less than the 0.6 percent median estimate in a Bloomberg survey of 29 economists.
Vale SA (VALE5), the world’s second-largest mining company, fell 0.4 percent to 45.65 reais as copper fell for a fifth day in New York after production in China, the largest consumer, climbed to a record amid concern that demand will slow as the government tightens credit to curb inflation. Copper futures for July delivery fell 0.6 percent on the Comex, capping a 5 percent drop for the most-active contract this week.
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