Brazil Stock Movers: Oi, Rossi Residencial, Vale


01/04/2012 01:51 AST  Bloomberg

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

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR
Most Viewed Companies
Ticker Price Volume
GFH 0.21 3,000
SECO 14.67 4,675,953
ADIB 6.82 756,294
RIBL 35.12 726,016
ACIG 27.43 870,684
TRADEUNION 27.19 3,168,957
WALAA 29.06 1,354,012
Recent News

AlKhair Capital Saudi opens office in DIFC
AlKhair Capital Saudi has opened an office at the Dubai International Financial Centre (DIFC), following approval from the Dubai Financial Services Authority (DFSA) for a Category 4 licence.

Saudi Electricity Q1 net loss widens 39pc
Saudi Electricity Co (SEC) reported a significant widening of its net loss for the first quarter on Sunday, as the utility saw costs increase and the value of some of its fixed assets decline.
<

Qatar tenders mega water reservoirs project
Qatar’s General Electricity and Water Corporation (Kahramaa) has announced the tender for the construction of five primary reservoir and pumping station (PRPS) packages as part of its water security

CPC backs summit as strategic partner
Saudi Arabia-based Construction Product Holding Company (CPC) has strengthened its commitment for The Arabian World Construction Summit (AWCS) by elevating its relationship to strategic partner.

Saudi Arabia to generate 41GW of solar power
The Kingdom of Saudi Arabia has announced plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 per cent of its total energy requirement by that time.

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

Poll

Are you satisfied with your full-service broker?