The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses, and prices are as of the market close. Preferred shares are usually the most-traded class of stock.
The Bovespa (IBOV) Index rose 0.5 percent to 56,076.82.
Cosan SA Industria e Comercio (CSAN3) (CSAN3 BS) advanced 1.2 percent to 31.20 reais. The renewable energy and infrastructure company said in a regulatory filing yesterday it concluded the acquisition of Comma Oil & Chemicals Ltd. from Exxon Mobil Corp. as part of its strategy to enter the European market for automotive lubricants.
Gafisa SA (GFSA3) (GFSA3 BZ) fell 3 percent to 2.57 reais. Brazil’s sixth-biggest homebuilder by sales said Alphaville Urbanismo SA shareholders are seeking arbitration to settle a dispute over the acquisition of a stake Gafisa doesn’t already own.
Usinas Siderurgicas de Minas Gerais SA (USIM5 BZ) rose 3.3 percent to 6.99 reais. Usiminas, as the steelmaker is known, rose for a second day after Reuters, citing two people familiar with the matter whom it didn’t identify, reported yesterday that it is raising prices for most products by 5 to 7 percent. A Usiminas press officer declined to comment when contacted by Bloomberg News yesterday.
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