Bloomberg News

Brazilian Stock Movers: CCR, PDG Realty Advance; HRT Declines

January 03, 2012

Jan. 3 (Bloomberg) -- The following companies are having unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of 12:10 p.m. local time. Preferred shares are usually the most-traded class of stock.

The Bovespa index advanced 1.6 percent to 58,737.82.

Cia. de Concessoes Rodoviarias (CCRO3 BS) rose 1.3 percent to 12.40 reais. Brazil’s biggest toll-road operator, known as CCR, may buy shares in airport operator ANA-Aeroportos de Portugal SA that the Portuguese government plans to sell, Diario Economico reported, citing an unidentified official at CCR.

HRT Participacoes em Petroleo SA (HRTP3 BS) sank 6 percent to 545.01 reais. The company said its 1-HRT-4-AM onshore well in Brazil’s northern Solimoes Basin may produce as much as 250,000 cubic meters of natural gas and 300 barrels of condensate a day after concluding formation tests, according to a regulatory filing.

PDG Realty SA Empreendimentos & Participacoes (PDGR3 BS) climbed 4.3 percent to 6.50 reais. Brazil’s biggest homebuilder by revenue said in a filing its fourth-quarter contracted sales rose 16 percent to 2.04 billion reais ($1.11 billion) from a year earlier.

--Editors: Brendan Walsh, Richard Richtmyer

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

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


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