Brazil’s Biggest Bus Maker Marcopolo Rallies Most Since 2008
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Marcopolo SA, Brazil’s biggest bus maker, climbed the most since October 2008 on speculation a drop of as much as 27 percent this year was excessive considering the prospects for the company.
The shares surged 14 percent to 4.35 reais at the close of trading in Sao Paulo, leading gains on the BM&FBovespa Small Cap Index. Trading volume was eight times the three-month daily average.