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Brazilian Stock Movers: Hering, Even, Metal Producers Increase

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 gained 1.2 percent to 59,805.96.

Cia. Hering (HGTX3 BS) rose 3 percent to 37.88 reais, the highest in a month. Same-store sales increased 8.1 percent at the retailer in the last three months of 2011, according to preliminary results in a filing yesterday, exceeding a forecast for 5 percent growth from Banco Santander SA. Larger rival Lojas Renner SA (LREN3 BS) rallied 3.6 percent.

Homebuilder Even Construtora e Incorporadora SA (EVEN3 BS) climbed 2.2 percent to 6.52 reais. Contracted sales reached 477 million reais ($265 million) in the fourth quarter, according to preliminary results in a regulatory filing. The figure exceeded estimates at Credit Suisse AG, which rates the shares “outperform,” according to a Jan. 9 research note from analysts including Guilherme Rocha.

Metal companies gained as the price of raw materials increased. Usinas Siderurgicas de Minas Gerais SA (USIM5 BS), Brazil’s second-largest steelmaker, rose 3.3 percent to 10.94 reais. Gerdau SA (GGBR4 BS), Latin America’s largest steelmaker, advanced 3.7 percent to 16.34 reais. Iron-ore miner MMX Mineracao & Metalicos SA (MMXM3 BS) gained 1 percent to 6.87 reais.

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