Brazil Gunmaker Soars on Bolsonaro Plan to Ease Ownership Rules
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Brazilian firearms manufacturer Forjas Taurus SA is starting 2019 off by extending last year’s massive rally.
After gaining 88 percent in 2018, the stock added as much as 30 percent to 5.25 reais in Sao Paulo on Wednesday, on the back of President Jair Bolsonaro’s plans to make it easier for Brazilians to own guns. It was the biggest intraday gain for the stock since Nov. 1.