Brazilian Stock Movers: BR Malls, Even Construtora, Localiza
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 rose 1.2 percent to 62,698.87.
BR Malls Participacoes SA (BRML3) (BRML3 BS) advanced 1.6 percent to 22.76 reais. Brazil’s biggest owner of shopping malls said sales at stores located in its malls rose 25 percent in the first quarter.
Even Construtora e Incorporadora SA (EVEN3 BS) gained 5.3 percent to 7.58 reais. Ten projects worth 516 million reais ($277 million) were started in the first quarter, and contracted sales were 525 million reais, according to a statement on the builder’s website dated April 16.
Localiza Rent a Car SA (RENT3 BS) gained 5 percent to 33.40 reais. Latin America’s biggest car-rental company said first- quarter net income rose 14 percent to 72.7 million reais, beating the average estimate of seven analysts surveyed by Bloomberg.
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