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Brazilian Stock Movers: Aliansce, Bradesco, Bradespar, Petrobras

Dec. 22 (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 added 1.2 percent to 57,347.87.

Aliansce Shopping Centers SA (ALSC3 BS) gained 0.7 percent to 13.60 reais. Brazil’s fourth-largest mall company by market value agreed to buy an additional 7.9 percent stake in the Iguatemi Salvador shopping mall in the Brazilian state of Bahia, according to a regulatory filing.

Banco Bradesco SA (BBDC4 BS) climbed 1.3 percent to 31 reais. Brazil’s second-biggest bank by market value plans to buy back as many as 15 million shares during the next six months, according to a regulatory filing.

Bradespar SA (BRAP4 BS) advanced 1.9 percent to 32.10 reais. The investment arm of Banco Bradesco SA, which is also part of the group that controls mining company Vale SA, was rated “buy” in new coverage at Deutsche Bank AG.

Petroleo Brasileiro SA (PETR4 BS) rose 1 percent to 22.15 reais, and OGX Petroleo & Gas Participacoes SA (OGXP3 BS) added 2.6 percent to 13.67 reais. Oil companies followed crude prices higher. Petrobras also said in a filing it plans to invest 8.26 billion reais ($4.45 billion) in 2012 to modernize refining operations.

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

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