Brazilian Stock Movers: ALL, Banco do Brasil, EZ Tec, Marcopolo
The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 4:15 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index jumped 5.1 percent to 51,150.90.
ALL America Latina Logistica SA (ALLL3) (ALLL3 BS) climbed 2.2 percent to 9.40 reais. Latin America’s largest railroad company said net income rose 20 percent to 185.6 million reais ($116.6 million) in the second quarter from a year earlier, according to a regulatory filing.
Banco do Brasil SA (BBAS3) (BBAS3) gained 7.1 percent to 24.24 reais. Latin America’s biggest bank by assets reported a 22 percent annual increase in second-quarter profit to 3.33 billion reais, according to a regulatory filing.
EZ Tec Empreendimentos e Participacoes SA (EZTC3) (EZTC3 BS) gained 7.1 percent to 12.95 reais. The real estate company reported second-quarter net income of 75.8 million reais, up 34 percent from a year earlier, according to a statement distributed by PRNewswire.
Marcopolo SA (POMO4) (POMO4 BS) gained 5.8 percent to 5.50 reais. Brazil’s biggest bus maker increased its forecasted consolidated net sales to 3.25 billion reais this year, from 3.15 billion reais previously estimated. The company also increased its estimated output to 30,200 buses, from 29,300 announced on Dec. 17, and kept its planned investments at 70 million reais, according to a regulatory filing.
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