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 Stocks: Brasil Foods, MRV Engenharia, OGX, Petrobras

Don't Miss Out —
Follow us on:

May 2 (Bloomberg) -- The following companies had 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 rose 1 percent to 62,423.56

Brasil Foods SA (BRFS3 BS) retreated 2.8 percent to 33.89 reais in its second day of losses. The world’s largest poultry exporter was cut to neutral from buy at Bank of America Corp.

MRV Engenharia & Participacoes SA (MRVE3 BS) jumped 5 percent to 11.65 reais, the biggest increase in two weeks. Brazil’s BTG Pactual added the real estate developer to its “10 stock ideas for the month.” The bank said that after a “recent sell-off, we see a chance to jump in.”

OGX Petroleo & Gas Participacoes SA (OGXP3 BS) advanced 5.8 percent to 14 reais. The oil company rose the most in a week after its founder, Brazilian billionaire Eike Batista, said he’s considering selling another stake in his EBX Group and BTG Pactual called the oil producer “a compelling investment opportunity.”

Petroleo Brasileiro SA (PETR4 BS) rose 3.3 percent to 22 reais in its biggest gain in seven weeks. Brazil’s state-controlled oil company may participate in a 5 billion-real ($2.6 billion) project led by DTA Engenharia to build a terminal in the Brazilian city of Marica, Valor Economico reported. It cited company executives.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos 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.