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Marfrig, SACI Falabella, Vale: Latin America Equity Preview

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May 31 (Bloomberg) -- The following companies may have unusual price changes in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.

The MSCI Latin America Index fell 0.2 percent to 4,436.08.

Brazil

Marfrig Alimentos SA (MRFG3 BS): The company said its slaughterhouse in San Jose, Uruguay, is closed until July 1 because of low cattle supplies, according to an e-mailed response to questions. Shares of Latin America’s second-largest beef producer gained 0.7 percent to 14.10 reais.

Vale SA (VALE5 BS): Vale is preparing to invest in rare earth mining, the Financial Times reported, citing Brazil’s Science and Technology Minister, Aloizio Mercadante. Vale confirmed it was looking at investing in the production of rare earths -- 17 chemically similar metals -- while the program is still at a “preliminary stage,” the FT reported. The shares slipped 0.4 percent to 44.79 reais.

Chile

Molibdenos y Metales SA (MOLYMET CC): The world’s largest molybdenum processor said workers began a strike yesterday at its plant in Nos, central Chile. The plant is operating “partially,” the company known as Molymet said in a statement on the website of Chile’s securities regulator. The stock retreated 0.6 percent to 9,839 pesos.

SACI Falabella (FALAB CC): Chile’s unemployment rate may have held at 7.3 percent in April, according to the median forecast of 14 economists in a Bloomberg survey. The National Statistics Institute will report the figure today. The retailer’s shares dropped 0.7 percent to 5,153.20 pesos.

Colombia

Almacenes Exito SA (EXITO CB): Colombia’s urban jobless rate may have dropped to 11.8 percent in April, according to the median estimate of 13 economists surveyed by Bloomberg. The national statistics agency will report the figure today. Colombia’s biggest publicly traded retailer fell 0.6 percent to 26,200 pesos.

To contact the reporters on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net;

To contact the editor responsible for this story: David Papadopoulos at dpapadopoulos@bloomberg.net

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