Brazilian Stock Movers: CCR, B2W and Usiminas Were Active
The following companies had unusual 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 (IBOV) Index slid 3.3 percent to 54,038.20.
CCR SA (CCRO3) (CCRO3 BS) climbed 2.1 percent to 15.62 reais, the biggest advance on the Bovespa. The toll-road operator reported first-quarter net income that rose 65 percent to 288.6 million reais ($143.5 million), according to a regulatory filing sent late yesterday.
B2W Cia. Global de Varejo (BTOW3 BS) fell 6.7 percent to 6.99 reais. Shares gained 16 percent yesterday as Valor Economico reported Lojas Americanas SA (LAME4) will delist the online retailer’s stock. B2W “doesn’t know of any reason” for the recent fluctuations in its share price, according to a regulatory filing sent late yesterday.
Voting shares of steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM3 BS) fell 7.1 percent to 13.29 reais, the lowest since March 2009, after MSCI Inc. said yesterday it was removing the stock from its Brazil index as of the close May 31. The preferred stock (USIM5 BS) declined 5.4 percent to 9.51 reais.
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