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Brazilian Stock Movers: JBS, Multiplan Empreendimentos Advance

Dec. 19 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close. Preferred shares are usually the most-traded class of stock.

The Bovespa index fell 1.4 percent to 55,298.33.

JBS SA (JBSS3 BS), the world’s biggest beef producer, gained 1.6 percent to 5.89 reais. Brazil’s beef exports rose 7.8 percent this year through November compared to the same period in 2010, according to the trade ministry in Brasilia.

Multiplan Empreendimentos Imobiliarios SA (MULT3 BS) advanced 1.4 percent to 37 reais. The real-estate developer paid 231 million reais ($124 million) for 36,000 square meters of land now occupied by a Wal-Mart Stores Inc. hypermarket in Barra da Tijuca, Rio de Janeiro, according to an e-mailed statement from the Brazilian company.

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

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

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