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Brazilian Stock Movers: Banco do Brasil, SLC Agricola, Vanguarda

Dec. 21 (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 0.4 percent to 56,653.37.

Banco do Brasil SA (BBAS3 BS), Latin America’s biggest bank by assets, rose 2.2 percent to 23.42 reais. Brazil’s outstanding credit climbed 1.9 percent from October to 1.98 trillion reais ($1.06 trillion), the central bank said in a report distributed today in Brasilia. Lending by government-owned companies such as Banco do Brasil grew 3.4 percent in the period, while state development bank BNDES boosted loans by 2.6 percent, according to a note to clients from Itau Unibanco Holding SA.

SLC Agricola SA (SLCE3 BS) fell 0.7 percent to 15.14 reais. The agriculture company paid 67 million reais for an area of land covering 19,880 hectares in the city of Formosa do Rio Preto in the Brazilian state of Bahia, according to a regulatory filing.

Vanguarda Agro SA (VAGR3 BS) fell 3.1 percent to 31 centavos. The Brazilian farm company slid for a third day on concern a dispute between its main shareholders will spur billionaire Enrique Banuelos to continue unloading his stake.

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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