June 19 (Bloomberg) -- The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock.
The Bovespa Index rose 1.8 percent to 57,195.49.
BM&FBovespa SA (BVMF3 BS), Brazil’s exchange operator, fell 2 percent to 10.20 reais, the lowest since June 11. Securities depository Cetip SA plans to open a new trading platform for local corporate bonds and derivatives, a first step to becoming an exchange, Sao Paulo-based newspaper Valor Economico reported today, citing Wagner Anacleto, Cetip’s head of operations.
BR Malls Participacoes SA (BRML3 BS), a shopping center manager, rose 2.5 percent to 24.20 reais, the highest since April 5. The company said in a regulatory filing yesterday after the market closed that its board approved a 137 million real ($67 million) loan from Banco do Brasil SA to its subsidiary Estacao BH Empreendimentos Imobiliarios Ltda. to build the Shopping Estacao BH mall.
Cia. de Locacao das Americas SA (LCAM3 BS) gained 2.6 percent to 7.80 reais, the highest in four weeks. Banco BTG Pactual initiated coverage of Locamerica, as the car-rental company is known, with a recommendation equivalent to buy.
Gol Linhas Aereas Inteligentes SA (GOLL4 BS) rose 3.3 percent to 9.80 reais, the highest in a month, after saying founder Constantino de Oliveira Jr. stepped down as chief executive officer. Paulo Kakinoff, Audi AG’s Brazil head, will take over as CEO on July 2, Gol said in a statement today.
To contact the reporter on this story: Denyse Godoy in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com