Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brazilian Stock Movers: B2W, Dasa, Vale Decline; Hering Advances

Oct. 17 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.

The Bovespa Index fell 2 percent to 53,911.33.

Cia. Hering (HGTX3 BS) rose 2.4 percent to 32.60 reais. Brazil’s second-biggest clothing retailer reported 35 percent growth in third-quarter sales and increased to 86 from 71 the number of stores it plans to open in Brazil this year, according to a regulatory filing.

Diagnosticos da America SA (DASA3 BS) dropped 2.4 percent to 14.89 reais. The medical-diagnostics firm known as Dasa was lowered to “underweight” from “overweight” at JPMorgan Chase & Co.

Lojas Americanas SA (LAME4 BS) fell 2.2 percent to 14.54 reais and B2W Cia. Global do Varejo (BTOW3 BS) declined 2.4 percent to 14.15 reais. Banco Santander SA cut their respective recommendations to “hold” and “underperform.”

Vale SA (VALE5 BS) tumbled 3.8 percent to 38.74 reais. The world’s largest iron-ore producer is giving Chinese customers the option of paying for iron ore in the fourth quarter at prices close to the spot market price instead of following quarterly contracts, O Estado de S.Paulo newspaper reported on Oct. 15, citing an unidentified executive in the mining sector.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.