May 16 (Bloomberg) -- The following companies had 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 0.6 percent to 62,829.68.
Banco Panamericano SA (BPNM4 BS) gained 1.5 percent to 5.50 reais. The Brazilian bank, which was bailed out twice since November due to accounting losses, posted first-quarter net income of 79.9 million reais ($49 million). Separately, Panamericano said its loan portfolio fell to 10.2 billion reais at the end of the first quarter from 13.3 billion reais at the end of 2010 after it sold loan receivables to the nation’s deposit insurance fund, known as FGC.
EDP - Energias do Brasil SA (ENBR3 BS) tumbled 5.8 percent to 37.77 reais. The utility’s parent, EDP-Energias de Portugal SA, said it may sell a stake of as much as 14 percent in the unit.
Petroleo Brasileiro SA (PETR4 BS) advanced 1.8 percent to 23.94 reais. Brazil’s state-controlled oil company said net income rose to 10.99 billion reais, or 84 centavos a share, from 7.73 billion reais, or 88 centavos, in the year-earlier period. The company, which sold $70 billion of shares in September, was expected to post per-share profit of 74 centavos, according to the median estimate of four analysts surveyed by Bloomberg News.
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