Brazilian Stock Movers: Aliansce, BM&FBovespa, Petrobras, UOL

The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 10:33 a.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index fell 0.1 percent to 62,280.69.

Aliansce Shopping Centers SA (ALSC3 BS) gained 1.7 percent to 14.18 reais. The Brazilian mall operator was initiated with a “buy” recommendation at Banco BTG Pactual SA. Rival Iguatemi Empresa de Shopping Centers SA (IGTA3 BS), rated “sell” at BTG, slipped 0.7 percent to 38.10 reais.

BM&FBovespa SA (BVMF3 BS) dropped 1.3 percent to 10.32 reais. The operator of Latin America’s biggest securities exchange was cut to “hold” from “buy” at Banco Santander SA, which cited increasing risks of competition and “stalling” volumes.

Petroleo Brasileiro SA (PETR4 BS), Brazil’s state-controlled oil company, rose 1 percent to 23.61 reais. BG Group Plc, the U.K. oil and gas producer that counts Petrobras as a partner in Brazil, doubled its estimate of reserves and resources in the Santos Basin, bolstering plans to increase production. Separately, Bank of America Corp. said Petrobras presents an “unusually attractive” valuation.

Universo Online SA (UOLL4 BS) advanced 1.6 percent to 16.25 reais. The Brazilian Internet provider was rated “outperform” in new coverage at Credit Suisse Group AG.

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