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.
Batelco introduces ICT security to key customers
Batelco, the Kingdom’s leading telecommunications solutions provider in partnership with Palo Alto Networks, held a successful Next-Generation Security Workshop on Thursday 15th January. The workshop
Al Baraka Islamic Bank expands its ATM network
Al Baraka Islamic Bank B.S.C (c) announced the installment of a new ATM in the American Mission Hospital in the Central Manama. This step reflects the implementation of the Bank’s ambitious plan to c