Oct. 25 (Bloomberg) -- 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 index dropped 1.1 percent to 56,285.99.
Aliansce Shopping Centers SA (ALSC3 BS) lost 1.2 percent to 12.69 reais. The Brazilian mall operator said it will invest 27.2 million reais ($15.4 million) to expand the Boulevard Shopping Belem, in the northern state of Para.
Banco Santander Brasil SA (SANB11 BS) dropped 4.5 percent to 14.74 reais. The Brazilian unit of Spain’s biggest bank was cut to “neutral” from “overweight” at JPMorgan Chase & Co.
BM&FBovespa SA (BVMF3 BS), the operator of Latin America’s biggest securities exchange, declined 1 percent to 9.95 reais. MarketAxess Holdings Inc., the operator of an electronic trading system for fixed-income securities, was approved by Brazil’s central bank to offer securities trading in the South American country, according to a statement posted on the bank’s Sisbacen system.
Cia. Energetica de Minas Gerais (CMIG4 BS) dropped 3 percent to 26.75 reais. The electricity utility serving Minas Gerais state bid for a 21 percent stake in EDP Energias de Portugal that the Portuguese government is selling, according to a regulatory filing.
Vanguarda Agro SA (VAGR3 BS) fell 3.2 percent to 61 centavos. The Brazilian farm company backed by Spanish billionaire Enrique Banuelos may sell new shares or bonds to fund a future expansion in Brazil, Chief Executive Officer Bento do Amaral Peixoto Moreira said.
--Editors: Richard Richtmyer, Glenn J. Kalinoski
To contact the reporter on this story: Alexander Cuadros in Sao Paulo at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org