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Brazil Stock Movers: Braskem, Hypermarcas, Marfrig, Usiminas

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 4:43 p.m. New York time. Preferred shares are usually the most-traded class of stock.

The Bovespa Index was little changed at 52,440.23.

Braskem SA (BRKM5 BS), Latin America’s largest petrochemicals producer, advanced for the first day in three trading sessions, rising 1.2 percent to 17.06 reais on speculation the U.S. Federal Reserve may act to stimulate the country’s economy. Braskem owns production plants in the U.S.

Hypermarcas SA (HYPE3 BS), the Brazilian consumer-products company that made 12 acquisitions since the start of 2010, gained 1.2 percent to 11.99 reais as a central bank survey of 100 economists forecast that consumer prices will rise 5.20 percent next year, down from a forecast of 5.23 percent the previous week.

Itau Unibanco Holding SA (ITUB4 BS), Latin America’s largest bank by market value, retreated 1.3 percent to 26.30 reais as German Chancellor Angela Merkel rejected a common euro-area bond, stoking concern the region’s deficit crisis will worsen.

Marfrig Alimentos SA (MRFG3 BS), Latin America’s second-largest beef producer, dropped 5.9 percent, its fourth decline in five trading sessions, to 7.72 reais as economists covering the Brazilian economy cut their 2011 growth forecasts.

Usinas Siderurgicas de Minas Gerais SA (USIM5 BS), Brazil’s second-largest steelmaker, gained 3.6 percent to 12.70 reais after Cia. Siderurgica Nacional SA (CSNA3 BS), Brazil’s third-largest steelmaker, said in a regulatory filing that it had increased its stake in Usiminas to 15.15 percent of its preferred shares and 11.29 percent of the company’s common shares. CSN fell 1.2 percent to 13.88 reais.

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