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Oct. 3 (Bloomberg) -- The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:28 p.m. New York time. Preferred shares are usually the most-traded class of stock.
The Bovespa Index fell 1.1 percent to 51,724.14.
B2W Cia. Global do Varejo (BTOW3 BS), a Brazilian online retailer, declined 5.7 percent to 13.87 reais, its lowest price since Aug. 26 as companies that depend on domestic demand fell on concern that Greece will default on debt payments, leading to slower global economic growth.
Hypermarcas SA (HYPE3 BS), the Brazilian consumer-products company that made 12 acquisitions since the start of 2010, dropped 5 percent to 8.40 reais, as concern about global growth put downward pressure on companies that rely on domestic consumption.
OGX Petroleo & Gas Participacoes SA (OGXP3 BS), the oil company controlled by billionaire Eike Batista, retreated 2.8 percent to 11.18 reais, its lowest price in more than two weeks as Banco Santander SA cut its target price, and crude fell. Santander, which has a “hold” rating on OGX shares, assigned a 2012 year-end price target of 21 reais, replacing a 2011 year- end mark of 25 reais.
Qualicorp SA (QUAL3 BS), a Brazilian health-insurance broker, gained 3.6 percent to 14.50 reais, as the shares were rated a new “buy” at Banco BTG Pactual by equity analyst Joao Carlos Santos. BTG’s 12-month target price is 19 reais. Qaulicorp shares began trading on June 29.
--Editors: Glenn J. Kalinoski, Richard Richtmyer
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