Bloomberg News

Brazilian Stock Movers: Gol Linhas, JBS, Marfrig Alimentos

December 09, 2011

Dec. 9 (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 added 1.4 percent to 58,236.46.

Gol Linhas Aereas Inteligentes SA (GOLL4 BS) gained 4.4 percent to 15.70 reais. Brazil’s second-biggest airline by market value rallied 12 percent this week, the most on the Bovespa, as Delta Air Lines Inc.’s $100 million investment improved the outlook for the industry, according to Rosangela Ribeiro, an analyst at SLW Corretora brokerage in Sao Paulo.

Marfrig Alimentos SA (MRFG3 BS) rose 3.5 percent to 8.79 reais. Latin America’s second-largest beef producer rallied for a second session after saying yesterday it agreed to swap assets with BRF Brasil Foods SA (BRFS3 BS), which climbed 1.3 percent to 37.38 reais.

JBS SA (JBSS3 BS), the world’s biggest beef producer, fell 1.9 percent to 5.58 reais, adding to yesterday’s 6.7 percent plunge.

--Editors: Brendan Walsh, Richard Richtmyer

To contact the reporter on this story: Alexander Cuadros in Sao Paulo at acuadros@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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