Brazil Stock Movers: Oi, Rossi Residencial, Vale


01/04/2012 01:51 AST

The following companies had unusual price changes in Sao Paulo trading. Stock symbols are in parentheses and prices are as of the close of trading. Preferred shares are usually the most-traded class of stock.

The Bovespa (IBOV) index lost 0.6 percent to 64,510.97.

Oi SA (BRTO4) (BRTO4 BS) fell 3.4 percent to 9.77 reais. The company formerly known as Brasil Telecom SA (BRTO4) reported an 80 percent drop in fourth-quarter profit as expenses increased due to a restructuring.

Rossi Residencial SA (RSID3) (RSID3 BS) declined 3.3 percent to 9.86 reais. The homebuilder was downgraded to the equivalent of hold by analysts at Banco BTG Pactual SA including Marcello Milman, who cited lower expectations for earnings.

For more on this Click Here

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 136 101,748
SABIC 82.43 4,880,290
YAMAMAHSTEEL 38 4,460,074
BRES 31.1 159,584
RIBL 11.09 980,637
QFLS 154 15,568
IQCD 98 84,392
Recent News

Insurance sector ‘presents scope for further growth’
Bahrain’s insurance industry is ripe for consolidation, says an industry leader. Tas’heelat Insurance Services Company (Tisco)’s general manager Ali Al Daylami told the GDN that mergers and acquis

Bank Sohar sponsors GCC new age banking summit
As part of its commitment towards supporting the development of the local economy and the Banking industry as a whole in the country, Bank Sohar recently sponsored the GCC New Age Banking Summit. The

GCC individual investors more focused on long-term growth than short
Natixis commissioned an independent survey of over 7000 individual investors globally, including 300 in the GCC, from the affluent to the high net worth. It found that: An average of real annual ret

Shares fall amid listless trading
Shares on the Muscat Securities Market edged down amid listless trading on Wednesday. The MSM30 Index fell by 0.12 per cent amid lower trading activity to close at 5,930.51points. The MSM Sharia Inde

Siemens has helped Oman save 31% of gas in power generation: CEO
Siemens Technology has helped Oman save 31 per cent of gas in power generation, a senior company official said.

“The latest three power plants in Oman utilise Siemens gas turbines. Because

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?