Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Brazilian Stock Movers: Hypermarcas, Itau Unibanco, Paranapanema

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 2.1 percent to 57,310.78.

Hypermarcas SA (HYPE3 BS), the Brazilian consumer-goods maker, plunged 8.1 percent to 10.95 reais, its lowest price since June 10, 2009, leading declines for companies that depend on domestic demand.

Itau Unibanco Holding SA (ITUB4 BS), Latin America’s largest bank by market value, tumbled 5.8 percent to 29.58 reais, its lowest price since July 17, 2009, after saying second-quarter profit rose 14 percent to 3.6 billion reais, or 79 centavos a share. Adjusted earnings per share, which excludes one-time items, were 73 centavos, compared with the mean estimate of 82 centavos by eight analysts in a Bloomberg survey.

MMX Mineracao & Metalicos SA (MMXM3 BS), the iron-ore miner controlled by Brazilian billionaire Eike Batista, declined 4.4 percent to 7.84 reais as Brazil’s national statistics agency said industrial production shrank 1.6 percent in June from the previous month adding to concern that the global economic recovery is slowing further.

Paranapanema SA (PMAM3 BS), a Brazilian copper smelter, fell 11 percent, its largest one-day decline since Nov. 14, 2008, to 4.61 reais after Vale SA, the world’s largest iron-ore producer, said it didn’t make a new proposal to acquire the Brazilian copper smelter. Vale slipped 1.7 percent to 44.80 reais.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.